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Strategies & Market Trends : Gersh's Option trades -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (648)4/16/2009 12:15:42 PM
From: Mark Johnson  Read Replies (2) | Respond to of 652
 
I like the idea of shorting the citigroup (c) April 5 calls [C Apr 2009 5.0000 call (CDP) ]that expire on 4/17. They report earnings after close. I think a positive earnings surprise is already in the stock. Would not go overboard shorting the calls. I don't expect the stock to be trading above $5 by the end of the day tomorrow. Will have to see what happens. I think the options should expire worthless by end of day tomorrow.


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