Citigroup Stock Is Expected to Move About 3 Percent Following Earnings

Citigroup could see a 2.8% move in the stock price following the earnings print on Thursday before the market opens. Options traders find this data by reviewing the at-the-money straddle because it provides clues into the magnitude of the move. Jim Strugger, Derivatives Strategist at MKM Partners, tells TheStreet's Jill Malandrino this implied move is just below the historical change of 3.3%. Strugger says the financials are down 2% on the year and the only other sector to perform worse is utilities. Rather than just owning one bank stock, Strugger recommends buying July 25 calls to take advantage of the sector playing catch up to the rest of the market.