Update from yesterday. Here is the status on the December and January options.
Quite interestingly, there are more calls than puts open, and for January there were far more calls than puts traded:
December 2009, 2.1M calls open, 1.8M puts open:
(please click to enlarge)
January 2010 3.1M calls open, 1.6M puts:
Today I doubled down on the C Jan 4 calls and kept the 2.50 puts.
I am lucky that my cable line-up does not include Jim Cramer, who recommended to buy C on December 14 (humm, 3 days ago?):
Jim Cramer: "tonight I am urging you to take a look at an individual stock right at the top of the show, and I never do that. ... An opportunity too good to miss ... I think you should buy buy buy.... CITIGROUP!... Mooooooh ":