Financial giants have made a conspicuous bullish move on Citigroup. Our analysis of options history for Citigroup C revealed 33 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $543,022, and 27 were calls, valued at $1,467,694.
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 $35.0 to $62.5 for Citigroup during the past quarter.
Volume & Open Interest Development
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 $35.0 to $62.5, over the past month.
Citigroup Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | PUT | SWEEP | BEARISH | 06/21/24 | $50.00 | $184.3K | 48.4K | 256 |
| C | PUT | SWEEP | BULLISH | 09/20/24 | $52.50 | $134.7K | 4.8K | 352 |
| C | CALL | SWEEP | BULLISH | 03/15/24 | $55.00 | $127.3K | 87.2K | 0 |
| C | CALL | SWEEP | BULLISH | 01/26/24 | $53.00 | $94.7K | 12.6K | 3.7K |
| C | CALL | SWEEP | BULLISH | 01/26/24 | $51.00 | $86.2K | 10.6K | 2.4K |
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.
Present Market Standing of Citigroup
- With a trading volume of 6,819,015, the price of C is up by 0.04%, reaching $52.86.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 80 days from now.
What Analysts Are Saying About Citigroup
5 market experts have recently issued ratings for this stock, with a consensus target price of $66.2.
- In a positive move, an analyst from HSBC has upgraded their rating to Buy and adjusted the price target to $61.
- An analyst from Piper Sandler persists with their Neutral rating on Citigroup, maintaining a target price of $56.
- An analyst from Oppenheimer persists with their Outperform rating on Citigroup, maintaining a target price of $93.
- Showing optimism, an analyst from Wolfe Research upgrades its rating to Outperform with a revised price target of $58.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Citigroup, targeting a price of $63.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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