Decoding Citigroup's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish 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 21 uncommon options trades for Citigroup.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $205,746, and 19 are calls, for a total amount of $1,925,101.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $23.0 to $52.5 for Citigroup over the recent three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Citigroup's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Citigroup's substantial trades, within a strike price spectrum from $23.0 to $52.5 over the preceding 30 days.

Citigroup Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

After a thorough review of the options trading surrounding Citigroup, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Citigroup's Current Market Status

• With a trading volume of 2,925,896, the price of C is down by -0.51%, reaching $48.64.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 32 days from now.

Expert Opinions on Citigroup

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $66.0.

• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Citigroup with a target price of $47.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup with a target price of $85.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Citigroup, Benzinga Pro gives you real-time options trades alerts.