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 13 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $161,005 and 10, calls, for a total amount of $1,509,107.
Projected Price Targets
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 $75.0 for Citigroup during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Citigroup's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Citigroup's significant trades, within a strike price range of $41.0 to $75.0, over the past month.
Citigroup Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | CALL | TRADE | BULLISH | 01/17/25 | $42.50 | $434.0K | 19.7K | 400 |
| C | CALL | SWEEP | BEARISH | 01/19/24 | $52.00 | $273.3K | 11.5K | 571 |
| C | CALL | TRADE | BULLISH | 01/19/24 | $41.00 | $255.0K | 15.3K | 0 |
| C | CALL | TRADE | NEUTRAL | 01/19/24 | $42.50 | $129.0K | 20.7K | 151 |
| C | CALL | SWEEP | BULLISH | 01/19/24 | $52.00 | $117.5K | 11.5K | 10.1K |
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.
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?
- Trading volume stands at 419,136, with C's price down by -1.62%, positioned at $51.77.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 87 days.
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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