Bought 2 Months volatility on Industrials: XLI AUG $36/37 Strangle for $1.73 (4.6%)
Betting on Industrial stocks will move on ISM release this friday .
bought august strangle on XLI (industrials) for $1.73 (4.6%)
Catalysts in upcoming 3 days:
Thursday 8:45 AM EST : Chicago PMI
Friday 6:50 AM EST : Japan Tankan
Friday 9:00 AM EST : ISM Mfg Index
Covered the remaining short on Citigroup at $38.96
Shorted @ $4.51 before the reverse split
its equivalent to $45.10 after split
P&L = + $6.14 per share
