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 22 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 59% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $211,613 and 17, calls, for a total amount of $732,862.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $90.0 for Citigroup over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Citigroup stands at 14385.71, with a total volume reaching 32,890.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Citigroup, situated within the strike price corridor from $50.0 to $90.0, throughout the last 30 days.
Citigroup Option Volume And Open Interest Over 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 | CALL | SWEEP | BEARISH | 12/20/24 | $1.29 | $1.26 | $1.26 | $70.00 | $74.5K | 14.5K | 1.6K |
| C | CALL | SWEEP | BULLISH | 12/20/24 | $5.0 | $4.95 | $5.0 | $65.00 | $62.0K | 16.3K | 159 |
| C | CALL | TRADE | BEARISH | 06/20/25 | $20.6 | $20.2 | $20.2 | $50.00 | $60.6K | 4.3K | 30 |
| C | CALL | SWEEP | BEARISH | 01/17/25 | $2.78 | $2.74 | $2.74 | $70.00 | $58.9K | 73.6K | 231 |
| C | CALL | SWEEP | BEARISH | 01/17/25 | $1.53 | $1.52 | $1.52 | $72.50 | $55.6K | 28.1K | 2.3K |
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
- Currently trading with a volume of 9,127,274, the C's price is down by -1.34%, now at $67.97.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 62 days.
Expert Opinions on Citigroup
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $82.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Citigroup, targeting a price of $107. * An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Citigroup, which currently sits at a price target of $64. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Citigroup, which currently sits at a price target of $82. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $91. * An analyst from Barclays persists with their Equal-Weight rating on Citigroup, maintaining a target price of $70.
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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