Citi is holding a great base around 4.80 on good volume. We are buying Citi 5 April calls in anticipation of a run-up through next quarter's earnings report due early April. Buy at or below .22 and adjust as you layer in based on the underlying direction...
We are also continuing to pick up Jan 2013 4.50 calls on these pullbacks, still above our intial entry points. If you took your profits prior to earnings, this is a good time to put them back in...
Happy Trading
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