Someone with a lot of money to spend has taken a bearish stance on Citigroup (NYSE:C).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Goldman Sachs Group Inc (NYSE: GS) has launched transaction banking services, specializing in services for corporate treasuries, in Europe in a bid to diversify beyond its trading and advice services.
Credit Suisse has decided to maintain its Neutral rating of Citigroup (NYSE:C) and lower its price target from $56.00 to $54.00.
Shares of Citigroup are trading up 0.78% over the last 24 hours, at $48.81 per share.
A move to $54.00 would account for a 10.63% increase from the current share price.
A whale with a lot of money to spend has taken a noticeably bullish stance on Citigroup.
Looking at options history for Citigroup (NYSE:C) we detected 31 strange trades.