Citigroup (C) Offering Possible 7.76% Return Over the Next 24 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $51.00 short put and a strike $46.00 long put offers a potential 7.76% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $51.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $46.00 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 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

Top 10 investment banks' revenue falls 5 percent in first half
Thu, 28 Aug 2014 08:42:17 GMT

Major banks' first-half commodity revenue climbs 21 pct
Thu, 28 Aug 2014 08:25:26 GMT

Top 10 investment banks' revenue falls 5 pct in first half
Thu, 28 Aug 2014 08:00:00 GMT

Top 10 investment banks' revenue falls 5 pct in first half
Thu, 28 Aug 2014 08:00:00 GMT

Citi Third Quarter 2014 Fixed Income Investor Review
Wed, 27 Aug 2014 20:15:00 GMT
Business Wire – John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct the Citigroup third quarter 2014 Fixed Income Investor Review at 10:00 AM on Friday, October 17, 2014.

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