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Citigroup Inc. Message Board

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  • Mr_BuckWorthy Mr_BuckWorthy Jul 8, 2010 2:13 AM Flag

    Anyone playing options? Bought some calls today

    at this point, you should just buy the common

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    • Waggie is correct about buying the 2.50 vs $4. strike.. But here is my thinking.. The gvmt has said all along that they wanted all that stk sold by Sept 2010...It is my belief the institutional investors, control everything...They can drive these stk up and down at will.. They bought 7B shrs back in Jan at $3.15 a shr... They will probably be the ones who end up buying most of that 7.7B shrs...So, untill they get all that stk bought...They will keep this stk from getting much higher...But the Jan 2011, $2.50 calls are selling at about $1.50... Anyway, those are the ones I like...We could see a big move between now and then...I wouldn't own any C at this point. If the gvmt hadn't said they weren't selling any more stk, till after earnings... Makes me believe C could report some eye popping numbers... But, will the inst investors let it go up, before they have all that gvmt stk bought??? Keep some powder dry, in case they decide to drive it down to $3.50... I think the gvmt wants to get at least $4. a shr...But will they???

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