Page 9 - Optimize Advisors News Today

The big banks kicked off earnings season on Wednesday, and options traders are betting that Citi will jump higher when it reports before the bell on Thursday.

"We were taking a look at Exxon, this is a name where we saw calls outpacing puts by [a ratio of] about 5 to 1, and the most active options were the January 2022 52.5-calls. Over 13,000 of those traded for about $2.66 on average," Michael Khouw, chief investment officer at Optimize Advisors, said Monday on CNBCs "Fast Money." Those calls break even at a stock price of $55.16, or roughly 31% higher from where the shares closed out Mondays session. The stock has fallen from $70.90 to roughly $42 ...