On Friday I wanted to make a low premium near the money short term bearish bet on Citi into this weeks earnings on expiration. I paid .21 for the July 41/40 Put Spread.
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Citi $42.10 -Report Earnings July 15 at 8am. -implied move in Options market about 4% vs 8 qtr avg of ~3% -I think there is a good chance if the market retraces some of the …
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