A financial giant has made a conspicuous bullish move on Citigroup. Our analysis of options history for Citigroup C revealed 11 unusual trades. Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $256,160, and 8 were calls, valued at $430,150.
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 $30.0 to $55.0 for Citigroup during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Citigroup stands at 7884.0, with a total volume reaching 1,989.00. 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 $30.0 to $55.0, throughout the last 30 days.
Citigroup Option Activity Analysis: Last 30 Days
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 | $30.00 | $203.2K | 8.6K | 0 |
| C | CALL | TRADE | BEARISH | 09/20/24 | $35.00 | $84.3K | 542 | 0 |
| C | CALL | TRADE | BEARISH | 11/17/23 | $41.00 | $78.8K | 18.2K | 130 |
| C | CALL | SWEEP | BEARISH | 12/15/23 | $40.00 | $54.4K | 9.4K | 2 |
| C | CALL | TRADE | BULLISH | 09/20/24 | $35.00 | $53.1K | 542 | 137 |
Where Is Citigroup Standing Right Now?
- With a volume of 4,087,373, the price of C is down -0.33% at $41.82.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 65 days.
What Analysts Are Saying About Citigroup:
- Consistent in their evaluation, BMO Capital keeps a Outperform rating on Citigroup with a target price of $66.
- Maintaining their stance, Piper Sandler continues to hold a Neutral rating for Citigroup, targeting a price of $45.
- Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $82.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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