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Unpacking the Latest Options Trading Trends in Citigroup

Author: Benzinga Insights | April 23, 2024 10:30am

Financial giants have made a conspicuous bearish move on Citigroup. Our analysis of options history for Citigroup (NYSE:C) revealed 14 unusual trades.

Delving into the details, we found 21% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $650,440, and 12 were calls, valued at $1,000,325.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $62.5 for Citigroup during the past quarter.

Volume & Open Interest Trends

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 $45.0 to $62.5 in the last 30 days.

Citigroup Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
C PUT TRADE BEARISH 03/21/25 $4.15 $4.05 $4.15 $57.50 $622.0K 2.0K 1
C CALL SWEEP BEARISH 05/31/24 $3.2 $3.0 $3.0 $60.00 $177.0K 8.7K 2.6K
C CALL SWEEP BEARISH 05/03/24 $2.85 $2.73 $2.76 $59.00 $128.3K 13.1K 1.3K
C CALL SWEEP BULLISH 05/03/24 $1.35 $1.3 $1.33 $61.00 $123.7K 13.2K 1.8K
C CALL SWEEP BEARISH 04/26/24 $1.55 $1.48 $1.48 $60.00 $96.7K 7.5K 39

About Citigroup

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's 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.

Where Is Citigroup Standing Right Now?

  • Currently trading with a volume of 2,725,253, the C's price is up by 1.82%, now at $62.06.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 80 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Citigroup with Benzinga Pro for real-time alerts.

Posted In: C

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