Arizard
Long

Cash money, but just how much?

NYSE:C   CITIGROUP INC
For those following the Financial Sector two big dates are coming up fast for Citigroup ($C): The 26th of September next week, when the Fed decides rate raising (decreasing/no hike) and mid October when $C and other banks report earnings .

The Sept 21 - $72 strike was just too tempting at $0.20/contract. Now that Citigroup , $XLF and the market in general is heading north, should gains be cut and collected today, tomorrow or are we gliding to the weekend on the wings of euphoria? $C beaten down MACD converged bullish , and the buy rumor sell news still has about 5 more days before expiration (unlike the Sept 21 contracts). The resistance at the $71.5 strike seems to be the only remaining obstacle before a short-term run on $73.

As always, do your own due diligence.

-Bayarizard
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