Citigroup (C) Offering Possible 11.36% Return Over the Next 17 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $53.50 short put and a strike $48.50 long put offers a potential 11.36% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock dropped below the $48.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Citigroup is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Citigroup is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Citigroup

Four Japan banks likely to bid for Citi's Japan retail unit-sources
Thu, 06 Nov 2014 08:34:09 GMT

‘Cautiously optimistic' on Australia jobs: Pro
Thu, 06 Nov 2014 05:17:00 GMT

A divided ECB stands in the way of QE: Pro
Thu, 06 Nov 2014 03:11:00 GMT

Citigroup Co-President and CEO of Institutional Clients Group Jamie Forese to Present at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference
Wed, 05 Nov 2014 21:30:00 GMT
Business Wire – Jamie Forese, Co-President of Citigroup and Chief Executive Officer of the Institutional Clients Group, will present at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference on Thursday, November 13, 2014.

Banks Should Seek Bankruptcy Stays for Repos, FDIC’s Hoenig Says
Wed, 05 Nov 2014 19:09:22 GMT
Bloomberg – Global banks should set up shields for certain short-term funding deals as a step toward ensuring they can be dismantled in U.S. Hoenig called on banks such as JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) to look at protecting funding such as repurchase agreements with a system similar to one announced last month that will delay termination of derivatives contracts during a U.S. Industry-driven stays “may be needed for those parts of the repo book that use long-term assets to secure short-term funding,” Hoenig said in a speech at a financial stability forum at George Washington University Law School. To contact the reporter on this story: Jesse Hamilton in Washington at jhamilton33@bloomberg.net

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