Financial giants have made a conspicuous bearish move on Truist Finl. Our analysis of options history for Truist Finl TFC revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $630,143, and 2 were calls, valued at $230,630.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $40.0 for Truist Finl over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Truist Finl options trades today is 5210.0 with a total volume of 12,303.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Truist Finl's big money trades within a strike price range of $35.0 to $40.0 over the last 30 days.
Truist Finl Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TFC | PUT | SWEEP | BULLISH | 06/21/24 | $37.50 | $202.1K | 1.7K | 1.4K |
| TFC | CALL | SWEEP | BULLISH | 06/21/24 | $40.00 | $129.6K | 10.2K | 1.0K |
| TFC | CALL | SWEEP | BULLISH | 06/21/24 | $40.00 | $101.0K | 10.2K | 1.8K |
| TFC | PUT | SWEEP | BULLISH | 06/21/24 | $37.50 | $83.4K | 1.7K | 412 |
| TFC | PUT | SWEEP | BEARISH | 05/17/24 | $35.00 | $76.2K | 8.7K | 1.4K |
About Truist Finl
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.
After a thorough review of the options trading surrounding Truist Finl, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Truist Finl
- Trading volume stands at 1,323,739, with TFC's price up by 0.72%, positioned at $37.87.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 27 days.
Expert Opinions on Truist Finl
In the last month, 1 experts released ratings on this stock with an average target price of $43.0.
- An analyst from Stephens & Co. upgraded its action to Overweight with a price target of $43.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Truist Finl with Benzinga Pro for real-time alerts.
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