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Todd Gordon's Citigroup Options Trade

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On CNBC's Trading Nation, Todd Gordon suggested that investors should consider a bullish options strategy in Citigroup Inc (NYSE: C).

He explained that the stock is currently trading at its resistance and he believes that it's going to break through the resistance. To set up a along position, he wants to buy the January 60/65 call spread in Citigroup Inc for $1.72. The trade breaks even at $61.72 and it can maximally make a profit of $3.28. If the premium drops to $0.86, Gordon is going to activate a stop loss and close the position.

Posted-In: CNBC Todd Gordon Trading NationOptions Markets Media

 

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