Whales with a lot of money to spend have taken a noticeably bullish stance on Citigroup.
Looking at options history for Citigroup C we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 65% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $447,418 and 19, calls, for a total amount of $1,552,969.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $65.0 for Citigroup over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Citigroup's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Citigroup's whale trades within a strike price range from $35.0 to $65.0 in the last 30 days.
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 | BULLISH | 03/15/24 | $55.00 | $255.0K | 57.4K | 2.9K |
| C | PUT | TRADE | BEARISH | 01/17/25 | $37.50 | $170.0K | 20.1K | 0 |
| C | PUT | TRADE | BULLISH | 03/15/24 | $57.00 | $166.0K | 80 | 1.0K |
| C | CALL | SWEEP | BULLISH | 01/17/25 | $50.00 | $146.1K | 43.9K | 0 |
| C | CALL | SWEEP | BULLISH | 03/15/24 | $55.00 | $144.2K | 57.4K | 12.0K |
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.
Current Position of Citigroup
- Trading volume stands at 1,429,276, with C's price up by 0.09%, positioned at $55.95.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 49 days.
Professional Analyst Ratings for Citigroup
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $74.33333333333333.
- An analyst from Oppenheimer persists with their Outperform rating on Citigroup, maintaining a target price of $95.
- Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $65.
- In a positive move, an analyst from Piper Sandler has upgraded their rating to Overweight and adjusted the price target to $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.
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