RW

Options Trader: Friday Outlook

SHIP SHAPE If you are right on the soul crude, do you think FTO is a good play? They refine sour crude from Canada and got a large contract before oil shot so hi.

Citigroup Bottoming - Plus Some Free Advice for Meredith Whitney

I agree with you but for that long of a read there are a few more points that I think should have been included. If people start defaulting on auto loans in large numbers, then credit cards will be close behind. This could drive C into the low teens, other wise I think it will bottom around 20.
I think Meredith Whitney has a little longer to ride the short and shine in the spot light. When C does hit bottom I think it will go flat for months, giving plenty of time to cover the shorts.
Disclosure: I have strangles and straddles on C, when it hits 20 then i will pull the stops in close on the puts.