Financial giants made a dramatic bearish move on Citigroup. Our options history analysis for Citigroup C revealed 25 unusual operations.
Digging into the details, we found that 16% of traders were bullish, while 84% showed bearish tendencies. Of all the trades we spotted, 16 were puts, worth $889,170, and 9 were calls, worth $367,443.
Expected price movements
Trading activity shows that over the past three months, major investors are targeting a price range of $55.0 to $70.0 for Citigroup.
Volume and open interest analysis
Looking at volume and open interest is a powerful move when trading options. This data can help you track liquidity and interest for Citigroup options for a given strike price. Below, we can observe the evolution of call and put volume and open interest respectively for all Citigroup whale trades within a strike price range of $55.0 to $70.0 over the last 30 days.
Citigroup Call and Put Volume: 30-Day Overview
Largest options trades observed:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Ask | Offer | Price | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| C | PUT | TRADE | BEARISH | 01/17/25 | $2.89 | $2.85 | $2.88 | $55.00 | $144.0K | 15.8K | 0 |
| C | PUT | SWEEP | BEARISH | 01/17/25 | $8.6 | $8.55 | $8.61 | $67.50 | $85.9k | 970 | 756 |
| C | PUT | SWEEP | BEARISH | 01/17/25 | $8.65 | $8.6 | $8.65 | $67.50 | $77.0K | 970 | 882 |
| C | PUT | SWEEP | BEARISH | 01/17/25 | $8.7 | $8.6 | $8.68 | $67.50 | $73.8k | 970 | 1.3K |
| C | CALL | SWEEP | BULLISH | 06/21/24 | $2.74 | $2.73 | $2.74 | $62.50 | $68.5K | 29.8K | 625 |
About Citigroup
Citigroup is a global financial services company that operates in more than 100 countries and jurisdictions. Citigroup’s operations are organized into five major segments: Services, Markets, Banking, U.S. Personal Banking and Wealth Management. The bank’s core services include cross-border banking needs for multinational companies, investment banking and trading, as well as credit card services in the United States.
After an in-depth analysis of the options trading surrounding Citigroup, let’s look at the company in more detail. This includes an assessment of its current market status and performance.
Where is Citigroup right now?
- With a trading volume of 4,089,717, the price of C fell -0.02% to $61.59.
- Current RSI values indicate that the stock may be approaching overbought.
- The next earnings report is expected in 4 days.
What Citigroup analysts say
Over the past month, 5 industry analysts have shared their views on this stock, offering an average price target of $70.4.
- A Wells Fargo analyst insists on an Overweight rating on Citigroup, maintaining a price target of $80.
- Showing optimism, a Goldman Sachs analyst upgrades his rating to Buy with a revised price target of $68.
- An analyst at Keefe, Bruyette & Woods insists on his Market Perform rating on Citigroup, maintaining a price target of $66.
- A Goldman Sachs analyst has decided to maintain a Buy rating on Citigroup, which currently has a target price of $68.
- An HSBC analyst insists on a Buy rating on Citigroup, maintaining a price target of $70.
Options trading involves higher risks but also offers the potential for higher profits. More experienced traders mitigate these risks through ongoing education, strategic trading adjustments, use of various indicators, and compliance with market dynamics. Stay on top of the latest Citigroup options trades with Benzinga Pro for real-time alerts.