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Citigroup Inc. (NYSE: C) is recently down $1.77 to $31.46:
Citi announced that Vikram Pandit will be its new CEO. Buckingham says "Vikram's strength outweigh his weakness." C December 30 straddle was at $2.46. C call option volume of 106,810 contracts compares to put volume of 117,835 contracts. C January option implied volatility of 48 is above its 26-week average of 33 according to Track Data, suggesting larger price risks.
Volatility Index S&P 500 Options:
VIX down .62 to 22.97.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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