Unusual call options activity was reported in Virtu Financial (VIRT), a broker-dealer that was recently sued by the SEC. This serves to highlight the attractive underlying 5.4% dividend yield of the stock today.
The company, which handles 25% of all market orders placed by retail investors in the U.S. according to Reuters, was sued by the SEC in mid-September 2023. The SEC says it misled investors by saying that it protected their confidential information.
