Bearish options on Vail Resorts pay off for some traders as shares slide

Credit Suisse Group AG (NYSE:CS) – Call options on financial services group, Credit Suisse Group AG (NYSE:CS), are active today as shares in the name rally to their highest level since mid-October. The stock is currently hovering near session highs, up 2.25% on the day at $24.15 as of midday in New York. In-the-money calls are the most active contracts on Credit Suisse Group AG (NYSE:CS) today, with around 4,100 lots in play at the Jan. 2013 $23.97 strike versus previously existing open interest of 907 contracts. It looks like most of the volume was purchased in the first 30 minutes of the session for an average premium of $1.13 apiece. Call buyers may profit at expiration should shares in Credit Suisse Group AG (NYSE:CS) rally another 4% over the current price of $24.15 to exceed the average breakeven point at $25.10.

Caitlin Duffy

Equity Options Analyst

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