Citigroup (C) Offering Possible 7.53% Return Over the Next 16 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $54.50 short put and a strike $49.50 long put offers a potential 7.53% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $54.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $49.50 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 68.91 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

Citi-Mercuria Legal Brawl Continues on Metal Finance Deals
Thu, 04 Dec 2014 21:40:02 GMT

Luxury watch cited in China fraud case
Thu, 04 Dec 2014 19:02:17 GMT
Financial Times – The legal dispute between Citigroup and Mercuria, the commodities trading house, helped shed fresh light Thursday on the businessman at the centre of a suspected warehousing fraud in China that left global …

MOVES-SG hires Petherick to head European flow derivative sales
Thu, 04 Dec 2014 17:09:07 GMT
Reuters – LONDON, Dec 4 – Societe Generale has poached Daniel Petherick from rival Citigroup to become head of European flow derivatives sales within its equity flow business. The role is a new one for the bank. …

Filling US skills gap
Thu, 04 Dec 2014 11:36:00 GMT

Broker tips: Sage, Glencore, Debenhams
Thu, 04 Dec 2014 00:21:00 GMT

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