Financials · Mega Cap Finance
C Implied Volatility, IV Rank & Options Chain
Citigroup Inc. (C) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Citigroup Inc.
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C options trade with implied volatility typically in the 20% - 70% range, averaging 150K+ contracts in daily volume with excellent liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
C implied volatility
As of 2026-10-26As of 2026-10-26, C's 30-day implied volatility is 28.7%, placing its 1-year IV percentile at 31.0 — above 31.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.
C live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live C chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
C options at a glance
- Daily volume
- 150K+ contracts
- IV range
- 20% - 70%
- Bid-ask spread
- $0.01 - $0.03 ATM
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- 2M+ contracts
- Next earnings
- See earnings calendar
About Citigroup Inc. (C)
Citigroup Inc. is a global diversified financial services company providing consumer banking, commercial banking, investment banking, and wealth management. With operations in 160+ countries, Citi has the most global footprint of U.S. banks, making it particularly sensitive to international economic conditions and emerging markets.
Company profile
- Sector
- Financials
- Industry
- Diversified Banks
- Market cap
- $120B+
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- Quarterly
- Fiscal year end
- December
Citi is undergoing a major transformation under CEO Jane Fraser. The bank is simplifying its business, exiting consumer banking in many countries, and focusing on institutional clients and wealth management.
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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
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C options market overview
C options are highly liquid with significant institutional participation. The transformation story creates both bullish and bearish positioning.
- Average daily volume
- 150K+ contracts
- Total open interest
- 2M+ contracts
- Put/call ratio
- 0.60 - 0.90 typical
- Typical ATM spread
- $0.01 - $0.03 ATM
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Excellent
C options have excellent liquidity. Lower stock price than JPM makes options affordable for retail.
C implied volatility and IV rank
C implied volatility reflects banking sector risk plus transformation execution uncertainty. International exposure adds emerging market sensitivity.
Earnings impact
IV builds before earnings. Transformation progress and expense targets are key focus areas.
The move options are pricing for the next report, and how the last 12 went: C earnings expected move.
The post-earnings volatility drop is known as IV crush. Holders of short C options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
IV includes premium for transformation uncertainty beyond pure banking risk.
Term structure
Usually contango with flattening around major transformation updates.
The smile, the term structure and the cone for C, on today's chain.
Open C in IV IntelligenceC gamma exposure (GEX)
Gamma Exposure analysis for C shows institutional hedging patterns around major price levels.
- Typical GEX profile. C operates in positive gamma with significant put interest providing support.
- Key levels. Dollar strikes ($50, $55, $60) attract heavy open interest.
- Dealer hedging. Dealer hedging is significant given transformation-driven volatility potential.
Where the gamma sits on C right now, strike by strike.
See live C GEXCommon C options strategies
These are strategies commonly used by traders on C options, based on typical market characteristics. This is not investment advice.
Key considerations for C options
- Citi is undergoing major transformation - execution risk is a key factor
- Most global U.S. bank - sensitive to emerging markets and currency fluctuations
- Trading below tangible book value provides valuation support
- Exiting consumer businesses in many countries to simplify operations
- Regulatory consent orders create ongoing compliance costs
- Success in transformation could lead to significant multiple expansion
C key events
Earnings months. January, April, July, October
- Transformation Updates/Investor Day
- Fed Interest Rate Decisions
- Bank Stress Tests
- Emerging Market Events
C options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns C's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/C"What is C's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on C in the console, more prompts for C, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about C options.
How liquid are C options?
C options are highly liquid with average daily volume exceeding 150,000 contracts and penny-wide spreads at major strikes.
What is C's typical implied volatility?
C implied volatility typically ranges from 20% to 70%. Normal conditions see IV between 28-42%, slightly elevated due to transformation execution risk.
What is Citi's transformation?
Citi is simplifying its business by exiting consumer banking in many countries, focusing on institutional clients and wealth management, and improving operational efficiency under CEO Jane Fraser.
Why does C trade below book value?
C trades at a discount to tangible book value due to transformation execution uncertainty, regulatory issues, and historically lower returns than peers. Successful transformation could close this gap.
When does C report earnings?
C reports quarterly in January, April, July, and October, typically early in earnings season with other major banks.
What is the best time to trade C options?
The most liquid trading hours for C options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate C option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for C options across all strikes and expirations.
What happens to C options at expiration?
In-the-money C options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
What is C's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence C's intraday price action. C operates in positive gamma with significant put interest providing support. Dealer hedging is significant given transformation-driven volatility potential. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live C GEX levels and the gamma-flip point on ApexVol.
What is C's IV rank?
C's IV rank shows where C's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. C implied volatility typically ranges from 20% - 70%. Check C's live IV rank and percentile on ApexVol's IV analytics.
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Where C
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C analytics
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