National City options saw heavy volume ahead of headlines, which are now crossing, that the company is seeking buyers. (Source: Dow Jones ). Most of the recent activity is buying of March calls. however, a large block of January 7.5 puts were bought to open earlier in teh trading session. NCC is battered name in a beaten down industry, down 58.3 percent over the past year.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.