Looking At Citigroup's Recent Unusual Options Activity

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 38 trades.

If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $715,620 and 29, calls, for a total amount of $2,732,302.

Predicted Price Range

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 $52.5 for Citigroup during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Citigroup's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Citigroup's whale activity within a strike price range from $30.0 to $52.5 in the last 30 days.

Citigroup 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Current Position of Citigroup

• With a volume of 6,075,733, the price of C is up 0.72% at $44.99.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 56 days.

What The Experts Say On Citigroup

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.0.

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

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.