Citigroup C (news,
chart,
quote) - C volatility Elevated; shares near 11-year lows
C closed at $9.64. The WSJ say's "Citi directors mull replacing Chairman." Dick Parson Chairman of TWX is the lead director of C mentioned as s possible candidate to be Chairman of C. C November 10 straddle is priced at $1.92, December is at $3.22. C December option implied volatility of 127 is above its 6-month average of 61 according to Track Data, suggesting larger price movement.
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