Citigroup and Bank of America face urgent whale alerts in trading session

In the financial sector, significant trading activity was observed on December 13, 2024, involving options contracts for various major financial institutions. For Citigroup (NYSE:C) and Bank of America (NYSE:BAC), impressive volumes were noted, showing the keen interest of traders in these stocks. Specifically, 4,000 contracts were traded at a $73.00 strike, generating substantial costs for the writing parties involved. Inside the same category, noteworthy trades included 90 contracts traded at a $85.00 strike, with each contract priced at $365. Alongside, a lesser amount of 20 contracts were traded at a $400.00 strike, raising a total of $55.3K for the writing parties, indicating a bullish sentiment surrounding these stocks. Particular attention was drawn to the stock of TIGR, where a bullish call option sweep occurred, with 250 contracts traded at a $10.00 strike, expiring in 125 days on April 17, 2025. Similarly, the stock of Robinhood (NYSE:HOOD) saw a bullish push with a put option trade of 47 contracts at a $35.00 strike, originated 399 days from expiration on January 16, 2026. Bank of America also had a significant put option sweep, showcasing a bullish trend with 125 contracts traded at a $40.00 strike, coinciding with the same expiration date as HOOD’s options. On the contrary, a bearish sentiment was reflected in JPMorgan Chase & Co. (NYSE:JPM), where a put option sweep was executed, revealing 53 contracts traded at a $215.00 strike and due to expire on September 19, 2025. Likewise, Square (NYSE:SQ) experienced bearish trading activity with a transfer of 20 contracts at a $106.00 strike, expiring within a week on December 20, 2024. Overall, the mixed nature of bullish and bearish trades in these key financial stocks highlights the prevailing volatility in the market as traders readjust their strategies towards the unpredictable future. The options alert terminologies provide clarity on the nature of these contracts, describing call contracts as the rights to buy shares, and specifying expiration dates for clarity. As the market continues to shift, the impacts of these trades on the wider financial landscape remain to be seen, with many analysts keeping a close eye on how these positions are managed in response to changing market conditions.