Smart Money Is Betting Big In Citigroup Options
Portfolio Pulse from Benzinga Insights
Significant investor activity in Citigroup (NYSE:C) options shows a bullish stance, with 65% of trades being bullish. Notable trades include calls and puts with strike prices ranging from $35.0 to $65.0. Analysts have set an average target price of $74.33 for Citigroup, with recent upgrades from Morgan Stanley and Piper Sandler. Citigroup's current trading volume is 1,429,276, with a slight price increase to $55.95. The stock may be approaching overbought territory, with earnings expected in 49 days.
February 23, 2024 | 3:15 pm
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POSITIVE IMPACT
Significant bullish options activity and analyst upgrades suggest a positive short-term outlook for Citigroup. The stock is currently slightly up, with potential overbought concerns.
The bullish options activity, coupled with analyst upgrades and a slight increase in stock price, indicates a positive short-term sentiment. However, the mention of potential overbought territory suggests caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100