I bought some Citi Dec 45 calls on the hopes for a spike in price once Chuck Prince gets the axe. There are rumors circling around that he is to be ousted this Sunday. There has been talk about him being fired for over 8 months now. We'll see what happens....
UPDATE 11-06: The Prince has been dethroned!! The stock should have popped, but instead it took another dump...why you ask. Cause Citi is stupid. They come out with the news on Princes departure, but then also release news that they will have to write down much more $ than anticipated. Dummys...they shoud have held off on that news till a fews days to a week so the stock could go up on the Prince news.....IDIOTS!!!!
So with the decline I doubled up!
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