Whales with a lot of money to spend have taken a noticeably bearish stance on Citigroup.Looking at options history for Citigroup (NYSE:C) we detected 22 trades.If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.From the overall spotted trades, 17 are puts, for a total amount of $1,338,929 and 5, calls, for a total amount of $403,959.Predicted Price RangeBased on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.5 to $77.5 for Citigroup over the recent three months. Insights into Volume & Open InterestIn today's trading context, the average open interest for options of Citigroup stands at 9225.15, with a total volume reaching 24,043.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Citigroup, situated within ...Full story available on Benzinga.com
Related news