Citigroup (C) Offering Possible 18.76% Return Over the Next 23 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $46.50 short put and a strike $41.50 long put offers a potential 18.76% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $41.50 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 at 77.93 level which suggests that the stock is neither overbought nor oversold at this time.

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

[$$] Banks Are Falling Back in Love With Mortgages
Wed, 27 Apr 2016 04:08:04 GMT
The Wall Street Journal – U.S. banks are making more mortgage loans, and keeping the biggest mortgages on their books.

[$$] About One-Third of Citigroup Shareholders Rebuke Bank on Pay
Wed, 27 Apr 2016 04:07:18 GMT
The Wall Street Journal – About one-third of voting Citigroup shareholders cast ballots against the bank’s pay plan for top executives, a rebuke for a bank that has been focusing on improving relationships with investors.

How Did Citigroup Do in Controlling Its 1Q16 Operating Expenses?
Tue, 26 Apr 2016 23:06:24 GMT

Former Citigroup CEO Weill Says Shares of Bank Are ‘Very Cheap’
Tue, 26 Apr 2016 20:06:09 GMT

Warning Shot Fired at Citigroup
Tue, 26 Apr 2016 19:51:24 GMT

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