Citigroup's Options: A Look at What the Big Money is Thinking

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 18 uncommon options trades for Citigroup.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $252,596, and 15 are calls, for a total amount of $1,016,692.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $85.0 for Citigroup over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Citigroup options trades today is 5875.07 with a total volume of 5,800.00.

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 $45.0 to $85.0 over the last 30 days.

Citigroup Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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 2,747,844, the price of C is down by -2.12%, reaching $71.71.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 5 days from now.

What Analysts Are Saying About 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 $92.4.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $85. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Citigroup with a target price of $95. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $102. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Outperform rating for Citigroup, targeting a price of $85. * Showing optimism, an analyst from Barclays upgrades its rating to Overweight with a revised price target 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.