Financial giants have made a conspicuous bearish move on Cigna. Our analysis of options history for Cigna (NYSE:CI) revealed 16 unusual trades.

Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $1,308,898, and 3 were calls, valued at $247,758.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $270.0 to $310.0 for Cigna over the last 3 months.

Insights into Volume & Open Interest

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 Cigna'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 Cigna's whale trades within a strike price range from $270.0 to $310.0 in the last 30 days.

Cigna Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Cigna

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

Cigna's Current Market Status

• Trading volume stands at 716,139, with CI's price up by 0.89%, positioned at $302.49.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 66 days.

What The Experts Say On Cigna

5 market experts have recently issued ratings for this stock, with a consensus target price of $368.6.

Turn $1000 into $1270 in just 20 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 Cigna options trades with real-time alerts from Benzinga Pro.