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Looking At Citigroup's Recent Unusual Options Activity
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Looking At Citigroup's Recent Unusual Options Activity
Oct 17, 2024 1:33 PM

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.

Expected Price Movements

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.

Analyzing Volume & Open Interest

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.

Citigroup Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
C PUT SWEEP BEARISH 03/21/25 $1.53 $1.34 $1.52 $55.00 $446.4K 13.5K 0
C PUT TRADE BULLISH 01/17/25 $0.41 $0.38 $0.38 $50.00 $94.0K 35.8K 2.4K
C CALL TRADE BEARISH 01/16/26 $4.2 $3.7 $3.75 $75.00 $75.0K 12.6K 200
C PUT SWEEP BULLISH 01/17/25 $2.74 $2.73 $2.73 $62.50 $60.6K 8.8K 264
C CALL TRADE BEARISH 01/15/27 $17.5 $14.9 $15.2 $55.00 $45.6K 280 50

About Citigroup

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

Present Market Standing of Citigroup

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.

Professional Analyst Ratings for Citigroup

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.

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