Smart Money Is Betting Big In Citigroup Options

Financial giants have made a conspicuous bullish move on Citigroup. Our analysis of options history for Citigroup C revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $229,560, and 6 were calls, valued at $236,522.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $65.0 for Citigroup during the past quarter.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Citigroup stands at 10412.3, with a total volume reaching 7,400.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Citigroup, situated within the strike price corridor from $45.0 to $65.0, throughout the last 30 days.

Citigroup Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
C PUT SWEEP BEARISH 10/18/24 $0.12 $0.08 $0.12 $52.50 $109.9K 12.2K 5.7K
C CALL SWEEP BULLISH 01/16/26 $7.8 $7.65 $7.8 $62.50 $56.9K 2.6K 96
C PUT SWEEP BEARISH 12/20/24 $3.2 $3.15 $3.2 $62.50 $56.3K 2.0K 178
C CALL SWEEP BEARISH 10/11/24 $7.95 $7.85 $7.89 $55.00 $43.3K 106 55
C CALL TRADE BULLISH 09/27/24 $2.8 $2.68 $2.8 $60.00 $39.2K 1.6K 316

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.

Citigroup's Current Market Status

  • Trading volume stands at 1,880,039, with C's price down by -1.07%, positioned at $61.91.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 21 days.

Professional Analyst Ratings for Citigroup

In the last month, 1 experts released ratings on this stock with an average target price of $71.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Goldman Sachs persists with their Buy rating on Citigroup, maintaining a target price of $71.

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.

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