Unpacking the Latest Options Trading Trends in Citigroup
Portfolio Pulse from Benzinga Insights
Recent analysis of Citigroup's (NYSE:C) options trading reveals a bearish sentiment among financial giants, with 64% of trades showing bearish tendencies and a significant volume in puts and calls. The analysis predicts a price range for Citigroup between $45.0 and $62.5. Currently, Citigroup's stock is up 1.82% at $62.06, potentially nearing overbought territory with its next earnings release in 80 days.
April 23, 2024 | 2:30 pm
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Citigroup shows a bearish sentiment in options trading, with a current stock price increase to $62.06, potentially approaching overbought status.
The bearish sentiment in options trading, combined with the current stock price nearing the upper end of the predicted range and potentially overbought RSI readings, suggests a short-term price decline. The anticipation of earnings in 80 days may also contribute to increased volatility and investor caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100