Deep-pocketed investors have adopted a bullish approach towards Citigroup C, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in C usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Citigroup. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 16% bearish. Among these notable options, 8 are puts, totaling $3,847,531, and 4 are calls, amounting to $168,546.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $67.5 for Citigroup during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Citigroup options trades today is 10284.78 with a total volume of 8,999.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Citigroup's big money trades within a strike price range of $50.0 to $67.5 over the last 30 days.
Citigroup Option Activity Analysis: Last 30 Days
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 | 07/18/25 | $7.95 | $7.0 | $7.0 | $60.00 | $2.0M | 135 | 3.0K |
| C | PUT | TRADE | NEUTRAL | 01/17/25 | $3.85 | $3.75 | $3.8 | $57.50 | $1.1M | 10.9K | 3.0K |
| C | PUT | TRADE | BEARISH | 06/20/25 | $5.5 | $5.45 | $5.5 | $57.50 | $275.0K | 7.9K | 0 |
| C | PUT | SWEEP | BULLISH | 01/17/25 | $2.78 | $2.77 | $2.78 | $55.00 | $178.2K | 26.0K | 10 |
| C | CALL | SWEEP | BULLISH | 11/15/24 | $4.35 | $4.3 | $4.35 | $55.00 | $61.3K | 2.9K | 245 |
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.
Following our analysis of the options activities associated with Citigroup, we pivot to a closer look at the company's own performance.
Citigroup's Current Market Status
- With a trading volume of 901,275, the price of C is down by -0.23%, reaching $57.17.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 29 days from now.
Professional Analyst Ratings for Citigroup
In the last month, 1 experts released ratings on this stock with an average target price of $71.0.
- An analyst from Goldman Sachs persists with their Buy rating on Citigroup, maintaining a target price of $71.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Citigroup options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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