Financial giants have made a conspicuous bullish move on Citigroup. Our analysis of options history for Citigroup C revealed 13 unusual trades.
Delving into the details, we found 69% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $170,780, and 10 were calls, valued at $893,046.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $47.0 to $60.0 for Citigroup over the recent 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 $47.0 to $60.0 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 | BULLISH | 03/15/24 | $55.00 | $325.5K | 65.7K | 1.8K |
| C | CALL | SWEEP | BULLISH | 03/15/24 | $55.00 | $190.9K | 65.7K | 406 |
| C | PUT | SWEEP | BEARISH | 01/16/26 | $47.00 | $91.4K | 445 | 119 |
| C | CALL | SWEEP | BULLISH | 09/20/24 | $55.00 | $86.9K | 14.2K | 0 |
| C | CALL | SWEEP | BULLISH | 09/20/24 | $57.50 | $64.0K | 4.7K | 202 |
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
Present Market Standing of Citigroup
- With a volume of 3,266,570, the price of C is up 0.56% at $55.36.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 43 days.
Professional Analyst Ratings for Citigroup
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $63.0.
- An analyst from Piper Sandler has elevated its stance to Overweight, setting a new price target at $63.
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.
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.
