Citigroup Unusual Options Activity For August 07
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Citigroup (NYSE:C), with 62% of investors opening trades with bullish expectations and 37% with bearish. The trades include 13 puts and 14 calls, with whales targeting a price range from $30.0 to $75.0 for Citigroup over the last 3 months. Analysts have mixed views on Citigroup, with ratings ranging from Outperform to Underweight and price targets from $45 to $88.
August 07, 2023 | 8:15 pm
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NEUTRAL IMPACT
Unusual options activity and mixed analyst ratings could lead to volatility in Citigroup's stock price.
The unusual options activity indicates that investors have differing views on the future price movement of Citigroup's stock, which could lead to increased volatility. Additionally, the mixed analyst ratings suggest uncertainty about the company's prospects, which could also contribute to price fluctuations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100