C Citigroup (20.40)

Will the expected passage of a bailout package suffice to push Citi up to the nearest important Hidden Pivot resistance, a midpoint at 22.96 (shown in the inset)? If so, we should be ready to intercept the craziness by shorting there, using November 20 puts (or the 15s for more leverage, assuming they are not priced too far above the 0.21 fair value that would obtain with the underlying shares trading at the target).