Check Out What Whales Are Doing With Citigroup

A whale with a lot of money to spend has taken a noticeably bearish stance on Citigroup.

Looking at options history for Citigroup C we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $324,125 and 6, calls, for a total amount of $205,358.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $65.0 for Citigroup over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Citigroup options trades today is 11127.3 with a total volume of 3,248.00.

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 $35.0 to $65.0 over the last 30 days.

Citigroup Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
C PUT TRADE BEARISH 01/17/25 $60.00 $87.8K 5.8K 48
C PUT TRADE BEARISH 01/17/25 $50.00 $76.1K 28.4K 76
C PUT SWEEP BULLISH 12/15/23 $44.00 $71.7K 1.0K 203
C CALL SWEEP BEARISH 12/15/23 $40.00 $53.8K 812 157
C CALL SWEEP BEARISH 06/21/24 $50.00 $35.2K 21.6K 5

Where Is Citigroup Standing Right Now?

  • With a volume of 4,183,615, the price of C is down -0.4% at $41.55.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 44 days.

What The Experts Say On Citigroup:

  • Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $85.
  • Wells Fargo has decided to maintain their Overweight rating on Citigroup, which currently sits at a price target of $55.

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!