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 28 trades.
If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $789,046 and 12, calls, for a total amount of $1,042,162.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $150.0 for Citigroup over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Citigroup options trades today is 4711.83 with a total volume of 8,911.00.
In the following chart, we are able to follow the …
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