Deep-pocketed investors have adopted a bullish approach towards Cigna CI, 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 CI 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 Cigna. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 41% bearish. Among these notable options, 3 are puts, totaling $371,983, and 9 are calls, amounting to $7,283,474.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $280.0 and $340.0 for Cigna, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cigna's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cigna's substantial trades, within a strike price spectrum from $280.0 to $340.0 over the preceding 30 days.
Cigna 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CI | CALL | TRADE | BULLISH | 01/15/27 | $72.0 | $67.6 | $71.5 | $280.00 | $3.4M | 799 | 1.0K |
| CI | CALL | TRADE | NEUTRAL | 01/15/27 | $68.0 | $64.0 | $66.0 | $280.00 | $2.7M | 799 | 529 |
| CI | CALL | SWEEP | BEARISH | 01/15/27 | $65.0 | $65.0 | $65.0 | $280.00 | $773.5K | 799 | 0 |
| CI | PUT | TRADE | BEARISH | 07/18/25 | $23.0 | $21.7 | $23.0 | $300.00 | $230.0K | 9 | 52 |
| CI | PUT | TRADE | NEUTRAL | 07/18/25 | $23.8 | $21.5 | $22.5 | $300.00 | $112.5K | 9 | 52 |
About Cigna
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 17 million US and 2 million international medical members covered as of September 2024.
After a thorough review of the options trading surrounding Cigna, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Cigna's Current Market Status
- With a volume of 2,295,051, the price of CI is up 3.96% at $294.19.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 90 days.
Professional Analyst Ratings for Cigna
5 market experts have recently issued ratings for this stock, with a consensus target price of $368.8.
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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. * Consistent in their evaluation, an analyst from Stephens & Co. keeps a Overweight rating on Cigna with a target price of $380. * An analyst from Raymond James has revised its rating downward to Strong Buy, adjusting the price target to $360. * An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on Cigna, which currently sits at a price target of $350. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Cigna, which currently sits at a price target of $379. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Cigna, targeting a price of $375.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cigna with Benzinga Pro for real-time alerts.
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