High-rolling investors have positioned themselves bearish on PNC Finl Servs Gr PNC, 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 PNC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for PNC Finl Servs Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 22% bullish and 77% bearish. Among all the options we identified, there was one put, amounting to $190,050, and 8 calls, totaling $286,750.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $175.0 for PNC Finl Servs Gr over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of PNC Finl Servs Gr stands at 317.86, with a total volume reaching 216.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PNC Finl Servs Gr, situated within the strike price corridor from $135.0 to $175.0, throughout the last 30 days.
PNC Finl Servs Gr 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 |
|---|---|---|---|---|---|---|---|---|
| PNC | PUT | SWEEP | BULLISH | 01/17/25 | $160.00 | $190.0K | 86 | 105 |
| PNC | CALL | TRADE | BEARISH | 01/19/24 | $165.00 | $49.9K | 397 | 1 |
| PNC | CALL | SWEEP | BEARISH | 01/17/25 | $170.00 | $41.6K | 44 | 40 |
| PNC | CALL | SWEEP | BULLISH | 12/22/23 | $135.00 | $40.4K | 67 | 20 |
| PNC | CALL | SWEEP | BEARISH | 01/17/25 | $175.00 | $34.8K | 82 | 40 |
About PNC Finl Servs Gr
PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.
Where Is PNC Finl Servs Gr Standing Right Now?
- Currently trading with a volume of 913,017, the PNC's price is down by 0.0%, now at $154.6.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 27 days.
Professional Analyst Ratings for PNC Finl Servs Gr
In the last month, 5 experts released ratings on this stock with an average target price of $141.876.
- An analyst from Odeon Capital has elevated its stance to Buy, setting a new price target at $153.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on PNC Finl Servs Gr with a target price of $128.
- An analyst from Goldman Sachs persists with their Neutral rating on PNC Finl Servs Gr, maintaining a target price of $147.
- Reflecting concerns, an analyst from Stephens & Co. lowers its rating to Equal-Weight with a new price target of $138.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for PNC Finl Servs Gr, targeting a price of $143.
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 PNC Finl Servs Gr, 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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