Investors with a lot of money to spend have taken a bullish stance on Citigroup C.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with C, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Citigroup.
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, 3 are puts, for a total amount of $180,402, and 8 are calls, for a total amount of $506,483.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $46.0 for Citigroup, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Citigroup's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Citigroup's significant trades, within a strike price range of $40.0 to $46.0, over the past month.
Citigroup Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| C | PUT | SWEEP | BULLISH | 03/15/24 | $46.00 | $103.8K | 1.7K | 0 |
| C | CALL | SWEEP | BULLISH | 12/15/23 | $44.00 | $98.2K | 12.1K | 21 |
| C | CALL | TRADE | BEARISH | 01/19/24 | $45.00 | $80.0K | 75.5K | 6 |
| C | CALL | TRADE | NEUTRAL | 06/21/24 | $40.00 | $69.5K | 4.2K | 1 |
| C | CALL | SWEEP | BEARISH | 11/17/23 | $45.00 | $63.9K | 18.0K | 426 |
About Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Having examined the options trading patterns of Citigroup, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Citigroup Standing Right Now?
- With a volume of 24,536, the price of C is down -0.13% at $44.82.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 57 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Citigroup with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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