04-13-2009, 12:51 PM
FYI not related to CITI, but related earnings, I just bought May calls for JNJ at $60. They report earnings this week as well. I'm thinking we are going to get some decent news from them, and the market attitude in general is going to be looking toward recovery.
Its a gamble, but at 10 cents, not much of one. A month is a long time. I'm betting the stock will see 54 or 55 at which point I will make a killing on the calls.
Interesting note is that JNJ April calls for 55 (close on the 18th) have over 40k open interest. I'm way to chicken to bet on that short term...
Its a gamble, but at 10 cents, not much of one. A month is a long time. I'm betting the stock will see 54 or 55 at which point I will make a killing on the calls.
Interesting note is that JNJ April calls for 55 (close on the 18th) have over 40k open interest. I'm way to chicken to bet on that short term...
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi