Smart Money Is Betting Big In Citigroup Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Citigroup (NYSE:C) options, with a notable bearish sentiment. Benzinga's options scanner highlighted 27 extraordinary options activities for Citigroup, with 51% of the trades being bearish. The options activity suggests a price window of $45.0 to $70.0 for Citigroup. Analysts have mixed ratings on Citigroup, with price targets ranging from $66 to $86.
August 12, 2024 | 4:00 pm
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Deep-pocketed investors are showing significant interest in Citigroup options, with a notable bearish sentiment. Benzinga's options scanner highlighted 27 extraordinary options activities for Citigroup, with 51% of the trades being bearish. The options activity suggests a price window of $45.0 to $70.0 for Citigroup.
The significant bearish sentiment among deep-pocketed investors, as indicated by the options activity, suggests potential downward pressure on Citigroup's stock price in the short term. The mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100