Citigroup (C) Offering Possible 12.11% 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 $52.50 short put and a strike $47.50 long put offers a potential 12.11% 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 $52.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $47.50 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 67.67 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

[$$] Longer Legal Shadow Falls Over Citi
Fri, 31 Oct 2014 03:29:47 GMT
The Wall Street Journal – Heard on the Street : Citigroup surprised investors with a $600 million increase to legal charges in previously reported third-quarter results, cutting profit. That suggests some kind of settlement may …

Why these Asian banks are beating earnings forecasts
Fri, 31 Oct 2014 02:34:00 GMT

Citigroup Legal Costs Jump $600M as FX Probes Accelerate
Fri, 31 Oct 2014 01:00:10 GMT

Citigroup Legal Costs Jump as Currency Probes Accelerate
Fri, 31 Oct 2014 00:31:23 GMT

Citigroup sets aside $600 million more to cover legal costs
Fri, 31 Oct 2014 00:28:45 GMT

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