Citigroup (C) Offering Possible 22.25% Return Over the Next 13 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $63.50 short put and a strike $58.50 long put offers a potential 22.25% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.50 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock dropped below the $58.50 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 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

Oil Holds Below $54 as China Factory Data Reignites Growth Worry
Fri, 01 Feb 2019 07:32:30 +0000
Futures in New York were steady after rising 18 percent last month. China promised to “substantially” expand purchases of U.S. soybeans after two days of discussions in Washington, while the White House said progress had been made but didn’t list any new commitments by either side. A Chinese factory purchasing managers index for January fell to the lowest level in almost three years, showing the damage the trade war is doing to Asia’s largest economy.

[$$] Deutsche Bank steps up cost cutting after missing earnings forecasts
Fri, 01 Feb 2019 06:47:24 +0000
has stepped up its 2019 cost-cutting ambitions after reporting a bigger than expected fourth quarter loss driven by the poor performance of its investment bank. Adjusted costs for 2018 fell 5 per cent €22.8bn and were €0.2bn lower than targeted.

‘Bankfurt', Paris await Brexit boom as banks stay loyal to London
Thu, 31 Jan 2019 15:14:14 +0000
LONDON/FRANKFURT (Reuters) – In Frankfurt and Paris, the flood of banking jobs predicted to arrive after Brexit is, for now, little more than a trickle. An analysis of job postings on eight of the world's major investment bank websites show a modest push to recruit staff in other European cities but little to suggest London is set for a rapid demise as the region's top banking hub. Goldman Sachs, Citigroup, JP Morgan, Morgan Stanley, Bank of America/Merrill Lynch, UBS, Credit Suisse and Deutsche Bank are seeking to fill 1,545 new roles in Britain, numbers up to January 22 show.

[$$] EU accuses eight banks of collusion in sovereign bond market
Thu, 31 Jan 2019 02:54:29 +0000
Brussels has accused eight unnamed banks of colluding to game the €7tn market for eurozone government bonds, marking another escalation in the EU’s drive to punish financial institutions for rigging financial markets. EU antitrust authorities have sent a formal charge sheet alleging that traders employed by the eight lenders exchanged information and co-ordinated trading strategies for euro-denominated bonds intermittently between 2007 and 2012. The price rigging was not bank-wide but involved specific traders at various lenders who in some cases moved between institutions during the period, they said.

Nasdaq (NDAQ) Q4 2018 Earnings Conference Call Transcript
Wed, 30 Jan 2019 23:51:58 +0000
NDAQ earnings call for the period ending December 31, 2018

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