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 16 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $397,114 and 6, calls, for a total amount of $266,260.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $41.0 to $75.0 for Citigroup during the past quarter.
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 $41.0 to $75.0 in the last 30 days.
Citigroup 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| C | PUT | TRADE | BULLISH | 01/17/25 | $4.45 | $4.35 | $4.39 | $60.00 | $87.7K | 27.1K | 211 |
| C | PUT | TRADE | BEARISH | 01/17/25 | $4.4 | $4.35 | $4.4 | $60.00 | $77.0K | 27.1K | 386 |
| C | CALL | SWEEP | BEARISH | 06/14/24 | $0.73 | $0.72 | $0.72 | $60.00 | $71.1K | 4.6K | 1.1K |
| C | CALL | TRADE | BULLISH | 12/18/26 | $5.45 | $4.65 | $5.25 | $75.00 | $52.5K | 2.8K | 100 |
| C | PUT | SWEEP | NEUTRAL | 12/18/26 | $3.0 | $2.99 | $3.0 | $45.00 | $40.5K | 3.8K | 100 |
About Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. 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.
Having examined the options trading patterns of Citigroup, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Citigroup's Current Market Status
- Trading volume stands at 2,256,642, with C's price down by -2.52%, positioned at $59.88.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 31 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.
Comments
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