Unusual put option activity in Citigroup (C) stock signals a large investor's bearish view in the bank over the next several months. This is seen in Barchart's Unusual Stock Options Activity Report today, Thursday, April 6.
The Report shows a trade for over 3,000 puts was made at the $36.00 strike price for an expiration period of June 16, which is 71 days from now. This strike price is over 21.7% below today's price of $45.99 per share. Given how long the expiration period is from today and the low strike price, I assume that the initiating investor was likely a long-put buyer.
