Citi (C) volatility elevated into increases share buyback

Citigroup (NYSE: C) July weekly call option implied volatility is at 53, July is at 37, August is at 34; compared to its 52- week range of 16 to 52 into announcing its capital plan was approved by the Fed, including a common stock repurchase program of up to $8.6B during the four quarters starting in Q3 of 2016. The planned capital actions total $10.4B over the next four quarters.

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