Citigroup (C) Offering Possible 6.61% Return Over the Next 19 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 6.61% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $42.00 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 57.06 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

The Suprising Way Banks Have Changed Since the Collapse of Lehman Brothers
Tue, 03 Jun 2014 11:58:26 GMT

Citigroup Looking To Raise Billions In Additional Capital
Tue, 03 Jun 2014 11:05:42 GMT

‘Mad Money' Lightning Round: Stay Away From Citigroup
Tue, 03 Jun 2014 10:00:00 GMT

Citigroup Is Getting Stronger Each Quarter, Expect Stock Appreciation In 2015
Tue, 03 Jun 2014 09:31:00 GMT

[$$] Mexican Authorities Widen Probe into Banamex Banking Loss
Tue, 03 Jun 2014 00:58:46 GMT
The Wall Street Journal – The Mexican attorney general has issued arrest warrants for former bank employees in connection with an investigation into alleged accounting fraud involving the Citigroup unit and oil-services firm Oceanografía….

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