Investors with a lot of money to spend have taken a bearish stance on Citigroup C.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with C, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 32 uncommon options trades for Citigroup.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 43%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $968,614, and 17 are calls, for a total amount of $1,115,025.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.5 and $85.0 for Citigroup, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Citigroup stands at 12486.29, with a total volume reaching 26,492.00. 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 $52.5 to $85.0, throughout the last 30 days.
Citigroup Call and Put Volume: 30-Day Overview
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 | BULLISH | 01/15/27 | $8.6 | $8.5 | $8.6 | $80.00 | $153.9K | 2.6K | 200 |
| C | CALL | TRADE | BULLISH | 03/21/25 | $4.25 | $4.25 | $4.25 | $72.50 | $127.5K | 9.5K | 303 |
| C | PUT | TRADE | BEARISH | 12/20/24 | $1.37 | $1.33 | $1.36 | $73.00 | $116.1K | 10.6K | 2.0K |
| C | PUT | SWEEP | BEARISH | 12/20/24 | $1.0 | $0.97 | $1.0 | $73.00 | $99.9K | 10.6K | 4.0K |
| C | PUT | SWEEP | BEARISH | 12/20/24 | $1.42 | $1.41 | $1.42 | $73.00 | $91.0K | 10.6K | 2.0K |
About Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into 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
Where Is Citigroup Standing Right Now?
- With a trading volume of 6,668,132, the price of C is down by -0.08%, reaching $71.8.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 36 days from now.
Professional Analyst Ratings for Citigroup
In the last month, 5 experts released ratings on this stock with an average target price of $85.6.
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 Wells Fargo persists with their Overweight rating on Citigroup, maintaining a target price of $95. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Citigroup with a target price of $90. * An analyst from Keefe, Bruyette & Woods upgraded its action to Outperform with a price target of $82. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Citigroup, targeting a price of $80. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Citigroup with a target price of $81.
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.
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