What I see from this monthly layout of Citigroup 
C is a sustained 16 year uptrend that is approaching a quadruple top in its' current 15 month Bull Run. The resistance sits at 83.11 and could be heading back to the previous month high of 73.38.
My interest in options, at the moment, are as follows...
1/31-81 Put at .64
2/28-77 Put at .65
3/21-77.5 Put at 1.26, 75 Put at .74, 72.5 Put at .44, and 70 Put at .28
As a Libra, I tend to see both sides in a few different aspects of life and investing is no different. Some investors make decisions that are biased, others are emotionally attached to their choices or a particular stock, or they may be uneducated about trends and technical analysis. However, most seasoned investors know you can make money by both shorting or longing a stock. So with that being said, keep an eye out for a break and close above 83.11. If that happens, there are clear skies above dating back to 2008.
Call Options I would consider at that point would be as follows...
1/31-83 Call at .35
2/28-87 Call at .42
3/21-87.5 Call at .84, 90 Call at .50, and 95 Call at .21
I look forward to checking back in with you all this week. Again, this is not financial advice nor am I a stock guru selling you hopes and dreams. I highly recommend you dive into your own due diligence before you make a decision based off mine or someone else's opinion. As always, take profits, take profits, take profits!!! I cannot stress that enough, as I myself have held onto positions longer than I should have and lost out on profits gained. Enjoy your week trading ladies and gents!
C is a sustained 16 year uptrend that is approaching a quadruple top in its' current 15 month Bull Run. The resistance sits at 83.11 and could be heading back to the previous month high of 73.38.My interest in options, at the moment, are as follows...
1/31-81 Put at .64
2/28-77 Put at .65
3/21-77.5 Put at 1.26, 75 Put at .74, 72.5 Put at .44, and 70 Put at .28
As a Libra, I tend to see both sides in a few different aspects of life and investing is no different. Some investors make decisions that are biased, others are emotionally attached to their choices or a particular stock, or they may be uneducated about trends and technical analysis. However, most seasoned investors know you can make money by both shorting or longing a stock. So with that being said, keep an eye out for a break and close above 83.11. If that happens, there are clear skies above dating back to 2008.
Call Options I would consider at that point would be as follows...
1/31-83 Call at .35
2/28-87 Call at .42
3/21-87.5 Call at .84, 90 Call at .50, and 95 Call at .21
I look forward to checking back in with you all this week. Again, this is not financial advice nor am I a stock guru selling you hopes and dreams. I highly recommend you dive into your own due diligence before you make a decision based off mine or someone else's opinion. As always, take profits, take profits, take profits!!! I cannot stress that enough, as I myself have held onto positions longer than I should have and lost out on profits gained. Enjoy your week trading ladies and gents!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.