Looking At Citigroup's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Citigroup (NYSE:C) as indicated by unusual options activity. Benzinga's options scanner spotted 11 uncommon options trades for Citigroup, with the sentiment of these big-money traders being split between 36% bullish and 63% bearish. Whales have been targeting a price range from $23.0 to $65.0 for Citigroup over the last 3 months. Oppenheimer has maintained their Outperform rating on Citigroup, with a price target of $85.
August 22, 2023 | 2:16 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Citigroup. The sentiment of big-money traders is split between 36% bullish and 63% bearish.
The unusual options activity, with a majority being bearish, indicates that there may be a negative sentiment towards Citigroup. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100