Oh, and the fact that they missed estimates by more than 5%. Yeah, that part, it was bad:

"That said, results from our capital markets-related businesses fell short of my expectations, and I expect improved results from these businesses going forward." - CEO Charles Prince

Didn't he say that last quarter? And wasn't he massively wrong? And aren't WOW readers holding puts as C's price peels off $$$?

Why, I believe that they are.

More tonight...

Market Trends

More news on Wal-Mart Stores Inc. (WMT:NYSE)…

The company has now added 14 states to its original $4.00 generic drug plan that started in Florida (Maryland, our home state, not yet included).

The generic prescription plan has been very popular in Florida, which is why WMT can't wait to roll it out to other states. However, the company says that the program, which began on October 6, has yet to prove that it's increased sales “across the aisle,” an industry term for other categories such as clothing and food.

For the morning, WMT is slightly up on the 10-day Moving Average. While this is a slight pop, WMT looks to continue down to its 50-day Moving Average in the next ten days for support as it always has.

Currently, WaveStrength Traders are holding November puts. We have more than a month on these contracts, so don't fret on a slight pop. Just maintain your protective stop loss.

Material Profits

Speaking of Citigroup… The other week, I was asked to appear on CNBC's “Closing Bell”. The guest before me was former Citigroup CEO, Sandy Weill.

Unfortunately for me, his interview went long. So tonight, I'll tell you what I didn't get to tell CNBC.

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