Citigroup Unusual Options Activity

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 9 trades.

If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $74,061 and 7, calls, for a total amount of $629,597.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $55.0 for Citigroup over the recent three months.

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 $50.0 to $55.0, over the past month.

Citigroup 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding Citigroup, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Citigroup

• Trading volume stands at 2,094,755, with C's price down by -0.71%, positioned at $54.46.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 52 days.

Expert Opinions on Citigroup

3 market experts have recently issued ratings for this stock, with a consensus target price of $74.33333333333333.

• An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $95.
• In a positive move, an analyst from Morgan Stanley has upgraded their rating to Overweight and adjusted the price target to $65.
• An analyst from Piper Sandler upgraded its action to Overweight with a price target of $63.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Citigroup with Benzinga Pro for real-time alerts.