Citigroup Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Citigroup (NYSE:C) has seen unusual options activity, indicating a bullish sentiment among significant investors, with a mix of 53% bullish and 46% bearish trades. The activity includes 30 uncommon trades, with a preference for calls over puts. The predicted price range for Citigroup is $40.0 to $70.0 over the next three months. This activity, combined with Citigroup's current trading volume and RSI values, suggests potential movement in its stock price.
February 06, 2024 | 7:16 pm
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Citigroup has experienced unusual options activity, with a bullish sentiment among significant investors. The activity suggests a potential price movement within a $40.0 to $70.0 range over the next three months.
The unusual options activity, particularly the higher volume of calls over puts, indicates a bullish sentiment among significant investors. This, combined with the current trading volume and RSI values, suggests that Citigroup's stock price may experience upward movement in the short term. The detailed analysis of options trades, including the largest trades observed, further supports this prediction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100