CIT Group (CIT, news, chart, volatility) call options are seeing buying interest early Tuesday. The stock is up $1.07 to $5.59 after the Wall Street Journal reported that the US Treasury Department might deploy some of its $700 billion rescue package to buy stakes in a broad range of financial companies that provide financing to the broad economy. The group is not limited to banks and insurers but includes specialty finance firms and bond insurers. CIT and GE’s Capital Unit mentioned specifically. In the options market, some players seem to be positioning for some short-term upside gains in CIT with early buying interest in the November 5 and 7.5 call options.