Technical: Immediate term overbought with significant implied vol discount relative to 30 day realized vol. Stochastic oscillators confirm overbought conditions.
Fundamental: Citi is a large holder of foreign, dollar denominated debt. Due to the strength of the dollar in the past quarter, I expect that FX will show significant headwinds in their earnings call on Monday.
Short term price target of $42.76
Best of luck,
Fundamental: Citi is a large holder of foreign, dollar denominated debt. Due to the strength of the dollar in the past quarter, I expect that FX will show significant headwinds in their earnings call on Monday.
Short term price target of $42.76
Best of luck,
Trade active:
Short position opened @ $57.25