Citigroup Offering Possible 6.61% Return Over the Next 26 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 6.61% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 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 $44.00 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 65.56 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

CFTC asks Citigroup, Deutsche Bank to inspect records – WSJ
Mon, 21 Oct 2013 23:43:29 GMT

CFTC asks Citigroup, Deutsche Bank to inspect records – WSJ
Mon, 21 Oct 2013 23:40:37 GMT
Reuters – The Commodity Futures Trading Commission has asked major currency dealing banks, including Deutsche Bank AG and Citigroup Inc to search their records as part of a global probe into possible currency market …

Big U.S. Banks Say Proposal to Limit Leverage Arbitrary, Harmful
Mon, 21 Oct 2013 22:22:33 GMT
Bloomberg – Some of the largest U.S. banks said a proposed rule to increase the capital they hold against potential losses is arbitrary and would put them at a disadvantage against non-U.S. banks facing easier requirements….

Credit Swaps in U.S. Rise; Citigroup Issues $2 Billion in Bonds
Mon, 21 Oct 2013 21:15:39 GMT
Bloomberg – A gauge of U.S. company credit risk increased from the lowest level in almost six years. Citigroup Inc. sold $2 billion of senior notes.

[$$] CFTC Asked Major Forex Banks to Scrutinize Records
Mon, 21 Oct 2013 20:33:03 GMT
The Wall Street Journal – The CFTC has asked major currency-dealing banks—including Deutsche Bank AG and Citigroup Inc.— to trawl through their records as part of a global probe into possible currency-market manipulation and hand …

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