Financial giants have made a conspicuous bullish move on Cigna Group. Our analysis of options history for Cigna Group (NYSE:CI) revealed 11 unusual trades.
Delving into the details, we found 72% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $212,800, and 6 were calls, valued at $301,199.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $270.0 to $390.0 for Cigna Group over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cigna Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cigna Group's significant trades, within a strike price range of $270.0 to $390.0, over the past month.
Cigna Group Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CI | CALL | SWEEP | BULLISH | 06/20/25 | $43.3 | $41.1 | $43.3 | $360.00 | $99.5K | 2 | 0 |
| CI | CALL | SWEEP | BULLISH | 06/20/25 | $43.5 | $41.1 | $43.3 | $360.00 | $55.9K | 2 | 36 |
| CI | PUT | SWEEP | BULLISH | 11/15/24 | $6.3 | $4.7 | $4.7 | $270.00 | $50.7K | 5 | 198 |
| CI | PUT | SWEEP | BULLISH | 11/15/24 | $6.3 | $4.6 | $4.6 | $270.00 | $49.6K | 5 | 380 |
| CI | CALL | TRADE | BEARISH | 05/03/24 | $9.9 | $9.8 | $9.8 | $350.00 | $49.0K | 45 | 0 |
About Cigna Group
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 18 million US medical members covered as of December 2023.
After a thorough review of the options trading surrounding Cigna Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Cigna Group Standing Right Now?
- Trading volume stands at 893,618, with CI's price up by 0.07%, positioned at $349.13.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 16 days.
Professional Analyst Ratings for Cigna Group
In the last month, 1 experts released ratings on this stock with an average target price of $384.0.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $384.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.