Today, after the bell, Citigroup had an exceptionaly large put trade. On top of having a much larger put to call ration than one might expect, one has to wonder if the Fed wasnt the only person that thought Citi's capital plan wasn't up to snuff. IV rallied all day even as the stock kinda just sat there. The most notable trade was a big 'buy-write' trade where a customer bought the 46 puts and C stock 'delta neutral'
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