Options Update: CIT Group (CIT) & Intel (INTC)
CIT Group (CIT)
CIT Calls Active On 60K Contracts On Volatility Of 132
CIT Group-CIT is recently up $.11 to $1.67.
CIT September 2 straddle is priced at $.75, October 2 straddle is at $1.40, January 2 straddle is at $1.80 according to Track Data, suggesting large price movement.
INTC Sept Volatility At 28, Oct At 32 After Raising Revenue And Gross Margin Expectations
Intel is recently up $.78 to $20.25. INTC raised Q3 revenue and gross margin expectations. Piper Jaffray raised its price target on INTC to $21 from $20.
INTC call option volume of 77,772 contracts compares to put volume of 21,907 contracts.
INTC September option implied volatility is at 28, October is at 32. This is below its six-month average of 40, according to Track Data suggesting decreasing price movement.
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