Citigroup Unusual Options Activity For March 21

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 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $256,579 and 5, calls, for a total amount of $135,550.

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 $35.0 to $50.0 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 9160.12 with a total volume of 3,805.00.

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 $35.0 to $50.0 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 PUT SWEEP BULLISH 05/19/23 $42.50 $67.2K 569 1
C PUT TRADE BULLISH 04/14/23 $50.00 $47.5K 78 100
C CALL SWEEP BULLISH 04/21/23 $50.00 $31.2K 18.7K 612
C PUT SWEEP NEUTRAL 06/16/23 $47.50 $28.9K 26.0K 70
C PUT TRADE BEARISH 05/19/23 $45.00 $28.9K 805 100

Where Is Citigroup Standing Right Now?

  • With a volume of 779,279, the price of C is up 3.67% at $45.71.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 24 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.


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Posted In: OptionsMarketsBZI-UOA