Citigroup's (C) June volatility low into 1-for-10 reverse stock split

Citigroup (NYSE: C) is recently up 1.1% to $4.52. Citigroup's 1-for-10 reverse stock split will be effective after the close of trading Friday, May 6th, with shares trading on a split-adjusted basis at the opening of trading Monday May 9th. Morgan Stanley raised it rating on C to Overweight from Equalweight. June call option implied volatility is at 25, July is at 26; below its six-month average of 36 according to Track Data.

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