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paulyberndt
Aug 12, 2014 11:25 AM

C Weekly Trade Setup 

Citigroup, Inc.NYSE

Description

City Bank is in a tight
Consolidation and in the saddle point
on the weekly Chart. I have marked the fractals
for my entry points depending on
which way it goes. I am using
NOV options with a 75 delta. This is to lessen time
decay. For each dollar C moves I will make or loose
75 bucks aprox. C has been trading in about a 4 dollar
range on the weekly.
This is a longer term trade
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