Financial giants have made a conspicuous bullish move on Citigroup. Our analysis of options history for Citigroup C revealed 12 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 0% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $4,538,400, and 10 were calls, valued at $631,131.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $75.0 for Citigroup during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Citigroup's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Citigroup's significant trades, within a strike price range of $50.0 to $75.0, over the past month.
Citigroup Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| C | PUT | TRADE | NEUTRAL | 05/03/24 | $12.6 | $11.25 | $12.0 | $75.00 | $3.6M | 0 | 3.0K |
| C | PUT | TRADE | NEUTRAL | 11/15/24 | $3.45 | $3.35 | $3.4 | $60.00 | $938.4K | 546 | 3.0K |
| C | CALL | SWEEP | BULLISH | 05/10/24 | $1.54 | $1.5 | $1.54 | $62.00 | $77.1K | 9.2K | 3.0K |
| C | CALL | SWEEP | BULLISH | 05/10/24 | $1.53 | $1.49 | $1.52 | $62.00 | $76.0K | 9.2K | 3.5K |
| C | CALL | SWEEP | BULLISH | 05/10/24 | $1.44 | $1.4 | $1.43 | $62.00 | $71.5K | 9.2K | 1.5K |
About Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. 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.
Present Market Standing of Citigroup
- With a trading volume of 734,961, the price of C is up by 0.35%, reaching $62.88.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 74 days from now.
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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