Short C/ BUY 1/26/24 52 PUTS
Citi is up 2 days in a row and squeezing higher today after news of an upgrade from Mike Mayo and more news of Buffet looking for a restructuring. I love a Burn squeeze on the upside when full good news is out, especially after earnings. Puts are super cheap today and should the broader market start to take profits, banks will surely feel the pain. 2 stars Trade last hour. 3:00-4:00
*In the next few weeks during earnings, I could be issuing up to 2 Burns a night!