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 43 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $646,994 and 36, calls, for a total amount of $3,271,146.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $41.0 to $50.0 for Citigroup during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Citigroup stands at 28377.54, with a total volume reaching 128,016.00. 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 $41.0 to $50.0, throughout the last 30 days.
Citigroup Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | CALL | TRADE | BEARISH | 01/19/24 | $41.00 | $497.0K | 17.8K | 500 |
| C | PUT | TRADE | BEARISH | 01/19/24 | $45.00 | $389.7K | 68.9K | 3 |
| C | CALL | SWEEP | BEARISH | 01/19/24 | $41.00 | $300.0K | 17.8K | 1.5K |
| C | CALL | TRADE | NEUTRAL | 01/19/24 | $41.00 | $245.0K | 17.8K | 0 |
| C | CALL | TRADE | BEARISH | 01/19/24 | $50.00 | $230.0K | 126.3K | 5.9K |
About Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. 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.
Where Is Citigroup Standing Right Now?
- With a trading volume of 5,301,637, the price of C is down by -0.57%, reaching $45.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 52 days from now.
Professional Analyst Ratings for Citigroup
1 market experts have recently issued ratings for this stock, with a consensus target price of $85.0.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $85.
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 Citigroup with Benzinga Pro for real-time alerts.
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