This Is What Whales Are Betting On Citizens Financial Group

Someone with a lot of money to spend has taken a bullish stance on Citizens Financial Group CFG.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CFG, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Citizens Financial Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $92,989, and 9 are calls, for a total amount of $1,237,246.

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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 $30.0 to $35.0 for Citizens Financial Group over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Citizens Financial Group options trades today is 7640.0 with a total volume of 21,444.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Citizens Financial Group's big money trades within a strike price range of $30.0 to $35.0 over the last 30 days.

Citizens Financial Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Citizens Financial Group Standing Right Now?

• With a volume of 12,839,276, the price of CFG is up 2.82% at $30.94.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 81 days.

What The Experts Say On Citizens Financial Group:

• JP Morgan has decided to maintain their Overweight rating on Citizens Financial Group, which currently sits at a price target of $37.
• Barclays has decided to maintain their Overweight rating on Citizens Financial Group, which currently sits at a price target of $42.
• Goldman Sachs has decided to maintain their Buy rating on Citizens Financial Group, which currently sits at a price target of $40.
• B of A Securities downgraded its action to Neutral with a price target of $33
• Baird has decided to maintain their Outperform rating on Citizens Financial Group, which currently sits at a price target of $44.

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 Citizens Financial Group, Benzinga Pro gives you real-time options trades alerts.