Spotlight on Citigroup: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bullish stance on Citigroup C.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with C, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for Citigroup.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $560,244, and 15 are calls, for a total amount of $972,192.

What's The Price Target?

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 $70.0 for Citigroup during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Citigroup stands at 11495.24, with a total volume reaching 5,295.00. 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 $35.0 to $70.0, throughout the last 30 days.

Citigroup Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
C PUT TRADE BEARISH 07/17/26 $5.0 $4.8 $5.0 $55.00 $250.0K 10.0K 502
C PUT TRADE BULLISH 01/16/26 $6.3 $6.1 $6.15 $60.00 $215.2K 9.1K 350
C CALL SWEEP BULLISH 06/28/24 $2.49 $2.48 $2.49 $60.00 $128.4K 225 0
C CALL TRADE BULLISH 06/21/24 $21.65 $21.5 $21.65 $40.00 $108.2K 419 50
C CALL TRADE BULLISH 09/20/24 $9.75 $9.7 $9.75 $55.00 $97.5K 13.1K 0

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.

After a thorough review of the options trading surrounding Citigroup, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Citigroup's Current Market Status

  • With a trading volume of 3,680,123, the price of C is up by 0.7%, reaching $61.46.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 37 days from now.

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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