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Financial giants have made a conspicuous bullish move on Cigna Group. Our analysis of options history for Cigna Group (NYSE:CI) revealed 11 unusual trades.
Delving into the details, we found 72% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $212,800, and 6 were calls, valued at $301,199.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $270.0 to $390.0 for Cigna Group over the recent three months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cigna Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cigna Group's significant trades, within a strike price range of $270.0 to $390.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CI | CALL | SWEEP | BULLISH | 06/20/25 | $43.3 | $41.1 | $43.3 | $360.00 | $99.5K | 2 | 0 |
CI | CALL | SWEEP | BULLISH | 06/20/25 | $43.5 | $41.1 | $43.3 | $360.00 | $55.9K | 2 | 36 |
CI | PUT | SWEEP | BULLISH | 11/15/24 | $6.3 | $4.7 | $4.7 | $270.00 | $50.7K | 5 | 198 |
CI | PUT | SWEEP | BULLISH | 11/15/24 | $6.3 | $4.6 | $4.6 | $270.00 | $49.6K | 5 | 380 |
CI | CALL | TRADE | BEARISH | 05/03/24 | $9.9 | $9.8 | $9.8 | $350.00 | $49.0K | 45 | 0 |
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 18 million US medical members covered as of December 2023.
After a thorough review of the options trading surrounding Cigna Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
In the last month, 1 experts released ratings on this stock with an average target price of $384.0.
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 Cigna Group, Benzinga Pro gives you real-time options trades alerts.
Posted In: CI