Decoding Cigna Group's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Cigna Group (NYSE:CI) shows a bearish sentiment among big-money traders, with 50% of trades being puts. The price range of interest is between $300 and $340. The stock is currently down 2.21% at $318.24, and analysts have set an average target price of $400.
July 05, 2024 | 4:01 pm
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Cigna Group has seen significant bearish options activity, with 50% of trades being puts. The stock is currently down 2.21% at $318.24. Analysts have set an average target price of $400.
The significant bearish options activity suggests that big-money traders expect the stock to decline in the short term. The current price drop of 2.21% and the RSI indicating oversold conditions further support this bearish outlook.
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