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Traders skeptical on CIT Group
February 8, 2010 Mon 9:20 AM CT

CIT ChartShares of CIT Group have jumped on the news that John Thain will take over as its new chairman and CEO, but not everyone is buying into the surge.

CIT is up by 3.74 percent on the day, trading at $31.90. It had been trending lower after hitting a high of $36 on January 12.

Within a span of 25 minutes this morning we see two blocks of 2,000 July 32 calls and one block of 4,000 sold...


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