By Sell Puts
Looks like Goldman beat estimates with non banking revenue, the capital markets side of the business did gang buster trading in the treasury markets. This is all old news to traders as the ramp up from 145 ish was the classic, "buy the rumor, sell the news" trade. As for Citi group i think they will disappoint, im basing this solely on the price action in the weeks and days leading up to this number. If they beat, it wont be by much.
The trade out of this is gonna be futures sell off in the AM and most likely catch support near the mid day pivot points yesterday. If you got puts overnight solid, if not do not chase the trade. Buy the dips, sell the rips.
Other interesting news Nokia reported a surprise miss ... not good for the industry as a whole sentiment. Its already down almost 10% pre market, the trade could be over. Ill keep this on radar for sure.
