Whales with a lot of money to spend have taken a noticeably bearish stance on Citigroup.
Looking at options history for Citigroup C we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $192,169 and 15, calls, for a total amount of $4,309,786.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $65.0 for Citigroup during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Citigroup's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Citigroup's significant trades, within a strike price range of $40.0 to $65.0, over the past month.
Citigroup Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | CALL | SWEEP | NEUTRAL | 09/20/24 | $60.00 | $956.6K | 33.6K | 4.0K |
| C | CALL | SWEEP | BEARISH | 09/20/24 | $55.00 | $642.9K | 16.2K | 3.5K |
| C | CALL | SWEEP | BEARISH | 09/20/24 | $55.00 | $526.9K | 16.2K | 6.9K |
| C | CALL | TRADE | BEARISH | 01/17/25 | $40.00 | $456.2K | 9.5K | 251 |
| C | CALL | SWEEP | BEARISH | 09/20/24 | $60.00 | $402.9K | 33.6K | 973 |
About Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Following our analysis of the options activities associated with Citigroup, we pivot to a closer look at the company's own performance.
Current Position of Citigroup
- Trading volume stands at 3,168,524, with C's price down by -0.32%, positioned at $56.91.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 72 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Citigroup, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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