Citigroup, Inc. (NYSE: C) already decussate over the cipher daily intensity mark within the first hour of trading. At 10:30 AM EST we have seen 504 meg shares trade vs. the nearly 400 meg average. Shares are also up 5.5% at $4.01. But there is huge intensity happening in the options markets for Citi as well. That might seem off because it is only a $4.00 stock, but traders are using these as an even cheaper way to play Citi. In the August expiration month we have seen over 136,000 calls trade and 55,000 puts trade. For September, that is over 90,000 calls and nearly 40,000 puts. December is active with 57,000 calls traded and over 40,000 puts.
JON C. OGG
AUGUST 7, 2009
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