Citigroup's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment towards Citigroup (NYSE:C) through significant options trades. Benzinga's options scanner detected 13 trades, with 12 calls and 1 put, indicating a focus on a price range between $30.0 and $65.0. The stock is currently up 0.69% at $64.03, with an average analyst price target of $86.0.
May 15, 2024 | 2:18 pm
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High-rolling investors have shown a bullish sentiment towards Citigroup (NYSE:C) through significant options trades. Benzinga's options scanner detected 13 trades, with 12 calls and 1 put, indicating a focus on a price range between $30.0 and $65.0. The stock is currently up 0.69% at $64.03, with an average analyst price target of $86.0.
The detection of significant options trades, predominantly calls, suggests a bullish sentiment among high-rolling investors. This activity often signals that investors have privileged information, which could lead to a short-term price increase. Additionally, the stock is currently trading near the upper end of the identified price range, and the average analyst price target is significantly higher.
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