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Citigroup C (news,
chart,
quote) - C options suggests movement; shares near 12-year lows
C is recently down 97c to $8.67. 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 call option volume of 85,053 contracts compares to put volume of 96,850 contracts. C November 10 straddle is priced at $2.20, December is at $3.38. C December option implied volatility of 134 is above its 6-month average of 61 according to Track Data, suggesting larger price movement.
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