TCF Capital I (TCB) $13.24 -4.69%

TCF Financial (TCB) shares are off 4% to $13.30 and big 10,000 contract purchase of the Nov. $12.50 puts at the 95c ask. Prior open interest was just 50 contracts so this should translate into new position (and is probably a roll out of the October 12.5 puts, which also traded 10000X.) Yesterday TCF was received a downgrade after it announced the purchase of a Financial National Capital, a unit of Fidelity National (FNF), for $50 million and assumption of assumption of debt.

Category: All Stocks, Banks, Small Cap Stocks