After the last price target was reached:
Now looking at the C Citigroup options chain ahead of earnings , I would buy the $52.5 strike price Calls with
2023-9-15 expiration date for about
$1.28 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Looking at the C Citigroup Inc. options chain, i would buy the $40 strike price Puts with
2022-10-21 expiration date for about
$0.71 premium.
Looking forward to read your opinion about it.
Looking for short entries. Above 46 would be stop loss. Citigroup is a very weak stock compared to the market so it is a good short hedge against other long positions. Expecting it to re test recent lows.
Regardless of earnings numbers.
The Citigroup chart is setting up bearish. Every indicator is pointing down and the bearish sentiment that Citigroup has on its chart is in line with the rest of the market.
I believe the market support is going to be around $67 for the next few weeks, and a short call of it going to reach a $70 market price within a timely manner is reasonable. The negative correlations and left skewed spread though seems unattractive to investors, but it is still not considered a high risk stock. Overall Citigroup is investable for a conservative...
Price gapped up to the seller zone to the tick.
Even price made a hagopian, means that price did not reached the centerline, I bet on the short side since C. is respecting the Medianlines so good.
P!
