This Is What Whales Are Betting On Citigroup
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Citigroup (NYSE:C), with Benzinga's options scanner spotting 18 uncommon options trades. The sentiment is split 50% bullish and 50% bearish, with 4 puts totaling $268,900 and 14 calls totaling $2,364,998. Whales have been targeting a price range of $42.5 to $75.0 for Citigroup over the last 3 months.
May 23, 2023 | 5:06 pm
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A large investor has taken a bullish stance on Citigroup, with 18 uncommon options trades spotted. The sentiment is split 50% bullish and 50% bearish, with whales targeting a price range of $42.5 to $75.0.
The large investor's bullish stance on Citigroup indicates that they believe the stock price will increase in the short term. The 50% bullish sentiment among big-money traders also supports this view. The targeted price range of $42.5 to $75.0 suggests that there is potential for significant upside in the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100