Fifth Third (FITB) is bucking the bearish trend. Shares are up 18 cents to $2.53 and April 2.5 calls are active. 11.25K contracts traded, compared to open interest of 17,121. Activity looks to be a mix of buyers and sellers. The increasing activity comes on news the company is selling its payments-processing business to Advent Int’l for $561 million.

Premium update: The trade mentioned last week is working well and today’s news is probably the reason for the bullishness reflected in the options. Suggestion stays the same for now. ÂÂÂ