Decoding Citigroup's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bearish stance on Citigroup.

Looking at options history for Citigroup C we detected 42 trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $666,628 and 34, calls, for a total amount of $3,388,806.

Predicted Price Range

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 $75.0 for Citigroup during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Citigroup options trades today is 15620.23 with a total volume of 45,999.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Citigroup's big money trades within a strike price range of $45.0 to $75.0 over the last 30 days.

Citigroup Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
C CALL TRADE BULLISH 09/20/24 $60.00 $718.0K 25.4K 2.0K
C CALL TRADE NEUTRAL 09/20/24 $57.50 $554.6K 4.8K 6.8K
C CALL TRADE BEARISH 05/17/24 $62.50 $330.0K 8.1K 2
C PUT SWEEP BEARISH 10/18/24 $70.00 $247.2K 4 190
C CALL SWEEP BEARISH 04/05/24 $60.00 $133.7K 217 1.6K

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.

Where Is Citigroup Standing Right Now?

  • Trading volume stands at 7,749,145, with C's price up by 0.52%, positioned at $58.02.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 35 days.

Expert Opinions on Citigroup

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $63.0.

  • In a positive move, an analyst from Piper Sandler has upgraded their rating to Overweight and adjusted the price target to $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.

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Posted In: OptionsMarketsBZI-UOA
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