Was suppose to post before market open Quick drop to gain price expected to hit 64.00 A “put” position has been placed...
What makes this position go down the last time prices were this low was 5 months ago there was a pull back 2 weeks back just to come back down to this price I see a bear trap as Citigroup does have a great fundamental base a drop to gain is expected... Happy trading let go at the 64.00 price sense the price of option contracts are so cheap because of the volitilaty of the stock even a .50 cent move calls for a 40% gain