Deep-pocketed investors have adopted a bearish approach towards Citizens Financial Group CFG, 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 CFG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Citizens Financial Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 62% bearish. Among these notable options, 6 are puts, totaling $497,680, and 2 are calls, amounting to $119,320.
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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 $20.0 to $35.0 for Citizens Financial Group during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Citizens Financial Group'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 Citizens Financial Group's whale trades within a strike price range from $20.0 to $35.0 in the last 30 days.
Citizens Financial Group Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CFG | PUT | SWEEP | BULLISH | 10/18/24 | $1.8 | $1.75 | $1.8 | $35.00 | $123.6K | 3.0K | 500 |
| CFG | PUT | TRADE | BEARISH | 10/18/24 | $1.85 | $1.8 | $1.85 | $35.00 | $92.5K | 3.0K | 0 |
| CFG | PUT | TRADE | BEARISH | 10/18/24 | $1.8 | $1.75 | $1.8 | $35.00 | $90.0K | 3.0K | 2.5K |
| CFG | PUT | TRADE | BEARISH | 10/18/24 | $1.8 | $1.75 | $1.8 | $35.00 | $90.0K | 3.0K | 2.0K |
| CFG | CALL | TRADE | NEUTRAL | 01/16/26 | $17.9 | $13.6 | $15.7 | $20.00 | $83.2K | 225 | 0 |
About Citizens Financial Group
Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,100 branches in 14 states, although it is concentrated in the Northeast. It has over $220 billion of total assets. It generates maximum revenue from Consumer Banking Segment.
Having examined the options trading patterns of Citizens Financial Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Citizens Financial Group Standing Right Now?
- With a volume of 1,305,417, the price of CFG is up 3.23% at $35.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 19 days.
Professional Analyst Ratings for Citizens Financial Group
In the last month, 2 experts released ratings on this stock with an average target price of $38.5.
- An analyst from Evercore ISI Group persists with their In-Line rating on Citizens Financial Group, maintaining a target price of $39.
- An analyst from Morgan Stanley persists with their Equal-Weight rating on Citizens Financial Group, maintaining a target price of $38.
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 Citizens Financial Group options trades with real-time alerts from Benzinga Pro.
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