Don’t bet against a Retard

Have you heard the word? C (Chittygroup) might be having some problems in the near future. This isn’t about an April Fool’s joke, this is a joke on people that are betting that C is financially stable and not having to worry about the financial crisis that is impacting the entire United States in at least one way. Here are the links and pictures you should see.

First let me start with an article from Reuters. You’ve heard of Reuters before, they’re the news people that report the news. You know… news news.

Here’s a Reuter’s article from April 1st about Goldman Sachs seeing significant losses for Citigroup.

Now I’ll show you an image that might make you say to yourself, wow, that’s a lot of putz puts. Check out the volume and open interest, seems to be learning toward the puts side:

That image was a copy/move/paste job I did from this image:

In order to see the full puts side for Apr08, check this:

Now if that’s not enough checking out of the puts, go to Yahoo! Finance and check out the C options for Apr08. Yahoo! just shows whatever their system finds, in this case you can start to see there are a lot of options being traded with a majority weighing on the put side.

Is C going to pull a BSC sometime soon? How about something like LEH when the stock dropped in half? NO.. that’s not happening. But there is significant down pressure on C stock and with my current position I think that I’m ready to profit from it.

Let’s hope tomorrow lets more shorts and put buyers stack onto the correct side.