IvanLabrie
Short

C: Systemic risk, extremely overbought

NYSE:C   CITIGROUP INC
Citigroup             shares might be poised for a retracement here, we can expect a selloff to take place, if we don't move back above 56.78. I'd reccomend either shorting it, or buying puts. You can buy out of the money puts and sell bear put spreads to reduce costs (vs buying at the money puts).

Good luck,

Ivan Labrie.
louisleetu PRO
3 months ago
Good call! This is seriously over bought. I published my idea yesterday on this as well. Good luck!
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fortyz
3 months ago
i don't know if shorting financials is a smart idea with FED rates being increased and the Trump effect and speculation of Dodd Frank reform.
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IvanLabrie PRO fortyz
3 months ago
@fortyz, if there is no follow trhough to the downside within two days then we can scrap this idea.
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fortyz IvanLabrie
3 months ago
@IvanLabrie, agreed
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hassanalikassam
3 months ago
I liked your trade on TESLA and u were right on your predictions
I only trade OPTIONS presently straight puts and calls.
THANKS
ALI
Reply
IvanLabrie PRO hassanalikassam
3 months ago
@hassanalikassam, hi, thanks for the kind words.
You can profitably trade options for sure. Also uses up less cash.
Good luck today!
Cheers.
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