What Are Whales Doing With Citigroup

What Are Whales Doing With Citigroup

A whale with a lot of money to spend has taken a noticeably bullish stance on Citigroup.

Looking at options history for Citigroup C we detected 31 strange trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 48% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $321,163 and 25, calls, for a total amount of $1,565,024.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $62.5 for Citigroup over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Citigroup options trades today is 7599.45 with a total volume of 26,182.00.

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 $25.0 to $62.5 over the last 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 12/16/22 $25.00 $160.5K 121 65
C CALL SWEEP BULLISH 12/16/22 $35.00 $141.4K 183 111
C CALL TRADE BULLISH 03/17/23 $57.50 $120.5K 3.5K 1.5K
C CALL SWEEP BEARISH 01/19/24 $52.50 $110.4K 8.0K 30
C CALL SWEEP BEARISH 10/21/22 $50.00 $96.4K 38.0K 7.7K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
C CALL SWEEP BULLISH 12/16/22 $25.00 $160.5K 121 65
C CALL SWEEP BULLISH 12/16/22 $35.00 $141.4K 183 111
C CALL TRADE BULLISH 03/17/23 $57.50 $120.5K 3.5K 1.5K
C CALL SWEEP BEARISH 01/19/24 $52.50 $110.4K 8.0K 30
C CALL SWEEP BEARISH 10/21/22 $50.00 $96.4K 38.0K 7.7K

Where Is Citigroup Standing Right Now?

  • With a volume of 9,235,686, the price of C is down -2.59% at $49.55.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 30 days.

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.

Posted In: BZI-UOAOptionsMarkets