Citi is all but guaranteed to hit 7.75 (or 7.09 if any lower), and soon, but as we have learned over and over again in this stock, that doesn’t necessarily mean we can make money shorting it. I have no strategy to suggest for the opening, since opening-rotation prices rarely favor the retail customer. However, if Citi begins the day with a moderate rally, you might want to have a stink bid in for some December 12.50 puts (CXZ)._______ UPDATE: Citi did open higher — on a 25-cent short-squeeze gap to 9.90 deftly orchestrated by the world-class sleazeballs who manipulate this stock for a living. The rally then collapsed 15% to a so-far low of 8.51. If you shorted the opening as suggested, cover half at these levels and use a stop-loss at 8.68 for the rest.