AlphaShark's Andrew Keene spoke on Bloomberg Markets about his options trade in Citigroup Inc C.
He said that the stock is hitting 52-week lows and it is trading 30 percent off its 52-week high. Keene is a buyer of the February 65 calls in the name and the premium for the calls is $0.45. The stock traded $65 two weeks ago, but Keene is looking just for a short-term move higher. If the stock jumps to $60, he is going to close the position. He thinks that the interest rate hike is going to happen and it is going to be good for the banks.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.