Whales with a lot of money to spend have taken a noticeably bullish stance on Citigroup ( C ).
Looking at options history for Citigroup ( C ) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $635,217 and 6, calls, for a total amount of $245,351.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $75.0 for Citigroup ( C ), spanning the last three months.
In terms of liquidity and interest, the mean open interest for Citigroup ( C ) options trades today is 16263.89 with a total volume of 3,811.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Citigroup's ( C ) big money trades within a strike price range of $50.0 to $75.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| C | PUT | SWEEP | BEARISH | 13.5K | 0 | ||||||
| C | PUT | TRADE | BULLISH | 35.8K | 2.4K | ||||||
| C | CALL | TRADE | BEARISH | 12.6K | 200 | ||||||
| C | PUT | SWEEP | BULLISH | 8.8K | 264 | ||||||
| C | CALL | TRADE | BEARISH | 280 | 50 |
Citigroup ( C ) is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's ( C ) operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. 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 ( C ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Currently trading with a volume of 2,901,618, the C's price is up by 2.23%, now at $64.04.
RSI readings suggest the stock is currently may be approaching overbought.
Anticipated earnings release is in 86 days.
In the last month, 5 experts released ratings on this stock with an average target price of $85.8.
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* Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Citigroup ( C ), targeting a price of $82.
* Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup ( C ) with a target price of $91.
* Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Citigroup ( C ), targeting a price of $86.
* Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Citigroup ( C ) with a target price of $78.
* Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup ( C ) with a target price of $92.
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 ( C ) options trades with real-time alerts from Benzinga Pro.