Whales with a lot of money to spend have taken a noticeably bullish stance on Citigroup.
Looking at options history for Citigroup C we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $715,620 and 29, calls, for a total amount of $2,732,302.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $52.5 for Citigroup during the past quarter.
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 Citigroup'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 Citigroup's whale activity within a strike price range from $30.0 to $52.5 in the last 30 days.
Citigroup 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
C | PUT | SWEEP | BULLISH | 01/17/25 | $52.50 | $383.3K | 10.6K | 22 |
C | CALL | SWEEP | BULLISH | 12/15/23 | $40.00 | $275.0K | 8.6K | 1.0K |
C | CALL | TRADE | BULLISH | 12/15/23 | $40.00 | $275.0K | 8.6K | 597 |
C | CALL | SWEEP | BULLISH | 01/19/24 | $45.00 | $258.3K | 74.5K | 1.5K |
C | CALL | SWEEP | BULLISH | 12/15/23 | $40.00 | $228.8K | 8.6K | 1.5K |
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.
Current Position of Citigroup
- With a volume of 6,075,733, the price of C is up 0.72% at $44.99.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 56 days.
What The Experts Say On Citigroup
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.0.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup with a target price of $85.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Citigroup options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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