A whale with a lot of money to spend has taken a noticeably bearish stance on Truist Finl.
Looking at options history for Truist Finl TFC we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $230,653 and 12, calls, for a total amount of $400,055.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $45.0 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 2783.44 with a total volume of 4,719.00.
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 $25.0 to $45.0 over the last 30 days.
Truist Finl Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TFC | PUT | TRADE | BULLISH | 09/15/23 | $35.00 | $74.7K | 1.5K | 572 |
| TFC | PUT | TRADE | BEARISH | 09/15/23 | $35.00 | $72.5K | 1.5K | 250 |
| TFC | CALL | TRADE | BEARISH | 12/15/23 | $25.00 | $47.5K | 559 | 50 |
| TFC | CALL | SWEEP | BULLISH | 01/19/24 | $35.00 | $45.1K | 6.0K | 368 |
| TFC | PUT | TRADE | NEUTRAL | 09/15/23 | $35.00 | $44.8K | 1.5K | 908 |
Where Is Truist Finl Standing Right Now?
- With a volume of 15,211,007, the price of TFC is down -6.91% at $33.13.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Truist Finl:
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $42
- Citigroup has decided to maintain their Buy rating on Truist Finl, which currently sits at a price target of $41.
- Raymond James upgraded its action to Outperform with a price target of $36
- Jefferies downgraded its action to Hold with a price target of $32
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $42
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.
If you want to stay updated on the latest options trades for Truist Finl, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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