Huntington Bancshares (HBAN) gained 31 cents to $4.71 and calls are active after Deutsche Bank upgraded the stock to Buy from Hold. 21K calls traded so far, 3X the expected and about 9X the number of puts. Sentiment is leaning on teh bullish side, with two side-traded seen in the front-month (Oct 4 and 5s), but buyers dominating the action in April 6 and Jan10 5 calls. Implied volatility (average) is up to 73.6, from 69.7 late Tuesday.

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1 user commented on " Huntington Bancshares Inc (HBAN) $4.71 +7.05% "
Follow-up comment rss or Leave a Trackbacklol i bought on the secondary Fred.
Just pulled in a >10% divi too on their preferred’s hehe
I’m so pessimistic on the common, I bought 500 common stock at about where they price the secondary.
Sold the 2011 5 strike puts.
and BOUGHT the 2012 5 strike…haha
hban please go to $5 by 2011!!!!