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BACapitalManagement

C calls set to expire on Friday (5/8/2020)

Long
Citigroup, Inc. (NYSE:C)  
BACapitalManagement Updated   
NYSE:C   Citigroup, Inc.
Support and Resistance citi calls options
6
0
supportandresistance citi calls options
I think C could make a move up to 50 or above this week. I saw some really cheap calls on C this afternoon just before market close. At a 0.03 premium, I picked up call contracts for the 52 strike set to expire 8 May 2020.

I'll be looking to sell the contracts if price makes a move to 50 or above.

I'm risking less than 1% (0.0935%) of my account balance.
Trade closed: stop reached:
C did not make a move to 52 this week.

I let the contracts expire OTM.
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