Financial giants have made a conspicuous bearish move on Citigroup. Our analysis of options history for Citigroup C revealed 39 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $135,144, and 36 were calls, valued at $6,680,691.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $85.0 for Citigroup, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Citigroup's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Citigroup's substantial trades, within a strike price spectrum from $30.0 to $85.0 over the preceding 30 days.
Citigroup Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | CALL | SWEEP | BEARISH | 05/03/24 | $61.00 | $1.0M | 3 | 10.4K |
| C | CALL | TRADE | NEUTRAL | 04/05/24 | $59.00 | $997.2K | 11.8K | 10.0K |
| C | CALL | TRADE | BEARISH | 09/20/24 | $57.50 | $885.9K | 10.7K | 8.0K |
| C | CALL | SWEEP | BEARISH | 06/21/24 | $57.50 | $760.7K | 50.8K | 101 |
| C | CALL | TRADE | NEUTRAL | 05/03/24 | $61.00 | $244.7K | 3 | 102 |
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.
Having examined the options trading patterns of Citigroup, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Citigroup Standing Right Now?
- Trading volume stands at 4,776,469, with C's price down by -0.46%, positioned at $61.05.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 21 days.
Professional Analyst Ratings for Citigroup
3 market experts have recently issued ratings for this stock, with a consensus target price of $74.66666666666667.
- An analyst from Goldman Sachs persists with their Buy rating on Citigroup, maintaining a target price of $68.
- An analyst from Oppenheimer persists with their Outperform rating on Citigroup, maintaining a target price of $88.
- Showing optimism, an analyst from Goldman Sachs upgrades its rating to Buy with a revised price target of $68.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
