Calls Purchased on RAIT Financial Trust (RAS)

Shares of RAIT Financial Trust RAS are higher on the session by 9.85%, currently trading at $3.01. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action ha been primarily in small lots, overall call volume is now running at 2.38x the daily average with 81% of all calls traded being purchases on the offer. Traders are buying the $1.00, $2.00, and $3.00 strikes in multiple months. RAIT Financial Trust is a self-managed and self-advised real estate investment trust (REIT). The company offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services.
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