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 22 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $387,325 and 13, calls, for a total amount of $1,089,639.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $77.5 for Citigroup over the last 3 months.
Volume & Open Interest Trends
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 $60.0 to $77.5 in the last 30 days.
Citigroup Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| C | CALL | TRADE | BULLISH | 01/17/25 | $1.73 | $1.71 | $1.73 | $72.50 | $622.8K | 28.7K | 3.9K |
| C | PUT | SWEEP | BEARISH | 11/22/24 | $0.54 | $0.53 | $0.54 | $68.00 | $108.0K | 1.2K | 2.0K |
| C | CALL | SWEEP | BULLISH | 11/22/24 | $1.17 | $1.14 | $1.17 | $68.00 | $58.5K | 5.5K | 1.5K |
| C | CALL | SWEEP | BULLISH | 11/22/24 | $1.09 | $1.07 | $1.09 | $68.00 | $54.5K | 5.5K | 803 |
| C | PUT | SWEEP | BEARISH | 11/22/24 | $1.08 | $1.05 | $1.08 | $69.00 | $53.0K | 1.4K | 1.2K |
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 5,454,661, the price of C is up by 0.16%, reaching $68.87.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 58 days from now.
What Analysts Are Saying About Citigroup
2 market experts have recently issued ratings for this stock, with a consensus target price of $101.0.
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. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $107. * An analyst from Wells Fargo persists with their Overweight rating on Citigroup, maintaining a target price of $95.
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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