Citigroup Offering Possible 10.86% Return Over the Next 9 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 10.86% return on risk over the next 9 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 $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $49.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Citigroup is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Citigroup is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Citigroup

Ready or Not, Here Comes Earnings Season for the Big Banks
Fri, 10 Jan 2014 01:31:09 GMT
Motley Fool – Bank of America and Citigroup get the thumbs-up from Nomura, while JPMorgan Chase pays the Feds again, and Wells Fargo mobilizes an elite squad of underwriters.

Sandy Weill joins ex-SAC reinsurer
Fri, 10 Jan 2014 01:02:32 GMT
Financial Times – Sanford “Sandy” Weill, the former chairman and chief executive of Citigroup, has resurfaced far from the corridors of Wall Street to be named chairman of the board at Hamilton Insurance Group, …

Debt Rule Faces Dilution as Global Regulators Heed Bank Warnings
Fri, 10 Jan 2014 00:00:01 GMT
Bloomberg – Lenders are poised to win concessions from central bank chiefs and global regulators over a debt limit they criticized as a blunt instrument that would penalize low-risk activities and curtail lending….

Former Citigroup boss to head insurer's board
Thu, 09 Jan 2014 23:34:34 GMT
CNBC – Hamilton Insurance, which last year bought SAC Capital's reinsurance business, has named former Citi CEO Sandy Weill its board chairman.

Banco de Chile top owner to sell up to around $1 bln in shares
Thu, 09 Jan 2014 23:29:25 GMT
Reuters – The majority shareholder of Chilean bank Banco de Chile has launched a process to sell up to 6.9 billion shares, which at current market value are equivalent to roughly $963 million. Banco de Chile said …

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