Deep-pocketed investors have adopted a bearish approach towards Citigroup C, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in C usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Citigroup. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 64% bearish. Among these notable options, 2 are puts, totaling $103,985, and 15 are calls, amounting to $918,905.
Expected Price Movements
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 Development
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 $50.0 to $75.0 in the last 30 days.
Citigroup Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | CALL | TRADE | NEUTRAL | 02/09/24 | $54.00 | $125.7K | 1.7K | 4.5K |
| C | CALL | TRADE | BEARISH | 01/16/26 | $50.00 | $95.0K | 12.0K | 202 |
| C | CALL | TRADE | BULLISH | 01/16/26 | $50.00 | $94.0K | 12.0K | 0 |
| C | CALL | SWEEP | BEARISH | 03/15/24 | $52.50 | $91.6K | 33.7K | 524 |
| C | CALL | SWEEP | BULLISH | 02/02/24 | $54.00 | $85.5K | 10.4K | 129 |
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.
Present Market Standing of Citigroup
- Trading volume stands at 4,324,915, with C's price down by -0.5%, positioned at $53.4.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 74 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
