High-rolling investors have positioned themselves bearish on Truist Finl TFC, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TFC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 17 options trades for Truist Finl. This is not a typical pattern.
The sentiment among these major traders is split, with 47% bullish and 52% bearish. Among all the options we identified, there was one put, amounting to $221,760, and 16 calls, totaling $674,457.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $40.0 for Truist Finl, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Truist Finl's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Truist Finl's whale activity within a strike price range from $30.0 to $40.0 in the last 30 days.
Truist Finl Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TFC | PUT | TRADE | BEARISH | 01/17/25 | $40.00 | $221.7K | 1.6K | 26 |
| TFC | CALL | SWEEP | BEARISH | 11/17/23 | $30.00 | $119.0K | 34.8K | 5.4K |
| TFC | CALL | SWEEP | BEARISH | 11/17/23 | $30.00 | $95.1K | 34.8K | 2.3K |
| TFC | CALL | SWEEP | BEARISH | 01/19/24 | $30.00 | $72.9K | 26.3K | 4 |
| TFC | CALL | SWEEP | BEARISH | 11/17/23 | $30.00 | $71.5K | 34.8K | 23 |
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.
Current Position of Truist Finl
- With a trading volume of 3,412,079, the price of TFC is up by 6.2%, reaching $31.17.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 65 days from now.
Professional Analyst Ratings for Truist Finl
1 market experts have recently issued ratings for this stock, with a consensus target price of $31.0.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on Truist Finl, which currently sits at a price target of $31.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Truist Finl options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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