Check Out What Whales Are Doing With Citigroup

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 13 uncommon options trades for Citigroup.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $134,029, and 11 are calls, for a total amount of $2,207,077.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $49.0 and $55.0 for Citigroup, spanning the last three months.

Analyzing Volume & Open Interest

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 $49.0 to $55.0 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.

Following our analysis of the options activities associated with Citigroup, we pivot to a closer look at the company's own performance.

Current Position of Citigroup

• With a volume of 2,106,890, the price of C is up 0.24% at $54.42.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 63 days.

What The Experts Say On Citigroup

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $77.25.

• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Citigroup with a target price of $56.
• An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $65.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup with a target price of $95.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup with a target price of $93.

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.