The letter C, not just a vitamin
Sometimes when I look for an option to buy, I actually think about things that are easy for a retard like myself to remember. In this case, a single letter. C. Citigroup is not only a big company, but all the employees hate vegetables, just like me!
While I was waiting for my option trade to go through, I took a picture of something that I find sort of funny. One penny. It wasn’t just a Lincoln copper penny, it was the difference between the buy and the ask on C.

Finally the stock dropped another huge amount ($.02) and my buy went through. Now I have 5 call options on C! The odd thing about my buy is that I had the 5 call options being asked for at that level (March 2008 $30) and when the stock was at $26.69 there were no options available at the $1.00 price, but the stock changed to $26.67 and the order went through. Then another couple seconds and people were trying to get $1.00 for their options and there were no takers.
Buy:
C Mar08 $30 calls (CCF), 5 @ $1.00
stock price when entered $26.67

What am I going to do with this trade? I’ll let it double and then sell my options. Not double? Triple? Whatever happens it will be awesome profit.




