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Citigroup, Wells Fargo, and Tyson Foods see options trading spike

Published Nov 21, 2023 21:46
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Options trading activity for Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC), and Tyson Foods Inc (NYSE:NYSE:TSN) has seen a notable increase, with volumes soaring past average daily and monthly trade figures. Investors are showing keen interest in specific options expiries across these notable financial and food industry players.

For Citigroup, the flurry of activity was concentrated on the $46 call option set to expire in December, which attracted trades amounting to nearly sixty percent above the average daily volume. The data, derived from the company's annual trade history graph, indicates a bullish sentiment among traders as they position themselves ahead of the year-end.

Similarly, Wells Fargo experienced a surge in trades nearing fifty-four percent of its typical monthly figures. The focus for this banking institution was on the January $55 put option expiry, suggesting investors may be hedging or speculating on potential downside in the coming months.

In the food sector, Tyson Foods also witnessed significant transactions in April's $35 put option. This particular option reached over half its average daily transactions, a movement that could imply expectations of volatility or a potential price decline in Tyson Foods' stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Citigroup, Wells Fargo, and Tyson Foods see options trading spike
 

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