Citigroup's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish 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 28% bullish and 71%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $167,791, and 16 are calls, for a total amount of $2,291,928.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $65.0 for Citigroup, spanning the last three months.

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 $40.0 to $65.0 in the last 30 days.

Citigroup Call and Put Volume: 30-Day Overview

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.

In light of the recent options history for Citigroup, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Citigroup

• Currently trading with a volume of 2,253,803, the C's price is down by -0.95%, now at $52.53.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 9 days.

Professional Analyst Ratings for Citigroup

3 market experts have recently issued ratings for this stock, with a consensus target price of $57.666666666666664.

• An analyst from Barclays persists with their Equal-Weight rating on Citigroup, maintaining a target price of $63.
• Showing optimism, an analyst from Wolfe Research upgrades its rating to Outperform with a revised price target of $58.
• An analyst from Goldman Sachs has decided to maintain their Neutral rating on Citigroup, which currently sits at a price target of $52.

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.