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This Is What Whales Are Betting On Citigroup

A whale with a lot of money to spend has taken a noticeably bullish stance on Citigroup. Looking at options history for Citigroup (NYSE:C) we detected 36 strange trades.

Benzinga · 04/29/2022 11:31

A whale with a lot of money to spend has taken a noticeably bullish stance on Citigroup.

Looking at options history for Citigroup (NYSE:C) we detected 36 strange trades.

If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 23 are puts, for a total amount of $2,992,443 and 13, calls, for a total amount of $1,573,205.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $80.0 for Citigroup over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $25.0 to $80.0 in the last 30 days.

Citigroup Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
C PUT SWEEP BEARISH 09/16/22 $47.50 $1.9M 6.4K 5.9K
C CALL TRADE BULLISH 06/17/22 $52.50 $1.1M 11.6K 10.0K
C PUT TRADE NEUTRAL 06/17/22 $72.50 $117.0K 2.1K 80
C CALL SWEEP BEARISH 08/19/22 $25.00 $74.4K 0 31
C PUT TRADE BEARISH 06/17/22 $72.50 $70.3K 2.1K 0

Where Is Citigroup Standing Right Now?

  • With a volume of 5,309,667, the price of C is down -1.65% at $49.2.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 75 days.

What The Experts Say On Citigroup:

  • Piper Sandler has decided to maintain their Overweight rating on Citigroup, which currently sits at a price target of $70.
  • Barclays has decided to maintain their Equal-Weight rating on Citigroup, which currently sits at a price target of $67.
  • BMO Capital has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $78.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.