Speculators Bet On More Upside In Citigroup (C)
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An investor made a notable bullish bet in Citigroup (NYSE: C) call options today.
According to option strategists at Susquehanna, "an opening investor bought 57,000 June 4.5/5.5 call spreads for $0.30. Through this position the participant is getting upside exposure, up to the $5.50 level at June expiration."
Shares of Citigroup are down 2.6 percent today to $4.25.
According to option strategists at Susquehanna, "an opening investor bought 57,000 June 4.5/5.5 call spreads for $0.30. Through this position the participant is getting upside exposure, up to the $5.50 level at June expiration."
Shares of Citigroup are down 2.6 percent today to $4.25.
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