Someone with a lot of money to spend has taken a bearish stance on First Citizens BancShares (NASDAQ:FCNCA).

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 FCNCA, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 13 options trades for First Citizens BancShares.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $31,225, and 12, calls, for a total amount of $741,762..

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 $800.0 to $1500.0 for First Citizens BancShares over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for First Citizens BancShares'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 First Citizens BancShares's whale activity within a strike price range from $800.0 to $1500.0 in the last 30 days.

First Citizens BancShares Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is First Citizens BancShares Standing Right Now?

• With a volume of 211,163, the price of FCNCA is up 6.14% at $1247.46.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 77 days.

What The Experts Say On First Citizens BancShares:

• Keefe, Bruyette & Woods has decided to maintain their Outperform rating on First Citizens BancShares, which currently sits at a price target of $1500.

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 First Citizens BancShares, Benzinga Pro gives you real-time options trades alerts.