![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfuxUyBdQyNZHKOQ4CAHM3Fp1lgJJsMXM4qTb7yH92VfgHONZi0zg50kaQPgNhp825F-Sx6S9bL0z51BbdFxd0kLazXyeJd6WCbP3Rm8JpStRCvpIeT3buJf5EYioDED8ngI4GAVayeNI/s400/fitb_summary.gif)
The company has traded over 41,500 options today in the first few hours on total daily average option volume of 10,119. Further, 38,000 + have been calls for a 10:1 call:put ratio. The Company Tab snapshot is below (click the image to enlarge).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_6TKPRLK_ig7UisIDd0YB3shmjIp4oEsSch_7UHohxyKJzOHW21nWErM38yQVUtNuzLRo3R0MHz4G38JtqgWdL95Hx5sUBO6FCx-_jv29h0UdgqqUgUAaJ9-S95Zqta__JLSXnF9-BAM/s400/fitb_company.gif)
10,500 Feb 14 calls have been traded and 14,500 May 14 calls traded as well. Feb 12.5/14 1x3 Call spread traded 3000 x 9000 at 8 cents and crossed on the PHLX (sell 14 buy 12.5). The day's biggest trades and Option Tab snapshots (Feb and May) are inlcuded below (click either image to enlarge).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOXgpZw5CTwrALxLz4e4SFutTwLBK-SAd3qiI0Zxa6-9YRTTjW9ubN4v_l6K-gH_uZALW_fx5p8UBM_-r9UfCRjtD9Ni1XRObwZoVXQoyYQECCQQHpNEqMhtKfwwqNQoNrWyF-7RqIDQE/s400/fitb_trades.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2rGBwtBtNjdFc2_v07u7gg8BLIomP0z6V3tJJxe9PpBDs8oPuTtcEYxlZaULYonmzTRURTBGLhOgL7dCZq-EywrX20hEjedYEmQvVjSD9GA2cnKpxIWhSM-E8gepCYpigtdNEFPv4SCQ/s400/fitb_options.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfreNk5TI3qf5VmrX9WYUGLnzDwezQ70JhjUASCtyWMvFKC17OCC9eyR4gdM7gQJjCbAqB3r12vMSJumJKJ0o-9agCpxVkq-vdEfGODMi6kyNXFNCxsvrCZhTFzGGhrPeK8V7OvQq21Uo/s400/fitb_options_may.gif)
Note the low open interest relative to trade size in the Feb 14 and May 14 calls - these are opening trades. Finally the Charts Tab snapshot is presented below. You can see the stock is hitting new recent highs off of a bounce from earnings. 52 wk. high is 12.87.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAMRueMtwh2eszZwVPQ9z8RSg1ospNFeVkf5Tvwj0e3iqWpKNEXj1Ejf4BxMyI3NhFywj15vTo919fljXOUhgw1xuqTbKUU2Wrgyut8Sbr61SSvHFZCe43qmdP6bO34TMu5LCE8QqppXo/s400/fitb_charts.gif)
The PnL for the 1 x 3 call spread is inlcuded below.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixggRVXCjRmrHL1eby3tPKpITEztA02wX64FQJw-2PpZjiclWndE4zWHzxKhtZZ_Kl61wt4g2QXJzX8dMFYrFZQKNZ_AX05_lqCP1FB4UvZdV9kuEUTV0ea-7wx4yL8v7N-RmV9lnkubA/s400/fitb_pnl.gif)
Max Gain with stock at $14.
Break Even Low: 12.58
Break Even High: 14.71
This is bullish with a limit. The naked call purchases in May are obviously bullish unless they traded with stock.
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