Investors with a lot of money to spend have taken a bearish stance on PNC Finl Servs Gr PNC.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PNC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for PNC Finl Servs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the options we uncovered, 10 are puts, for a total amount of $543,882, and there was 1 call, for a total amount of $42,400.
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 $147.0 and $155.0 for PNC Finl Servs Gr, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PNC Finl Servs Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PNC Finl Servs Gr's substantial trades, within a strike price spectrum from $147.0 to $155.0 over the preceding 30 days.
PNC Finl Servs Gr 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 |
|---|---|---|---|---|---|---|---|---|
| PNC | PUT | SWEEP | BULLISH | 04/19/24 | $155.00 | $65.0K | 149 | 510 |
| PNC | PUT | SWEEP | BULLISH | 04/19/24 | $155.00 | $59.7K | 149 | 340 |
| PNC | PUT | SWEEP | BULLISH | 04/19/24 | $155.00 | $59.6K | 149 | 450 |
| PNC | PUT | SWEEP | BULLISH | 04/19/24 | $155.00 | $59.4K | 149 | 395 |
| PNC | PUT | SWEEP | BEARISH | 04/19/24 | $155.00 | $53.0K | 149 | 200 |
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.
Present Market Standing of PNC Finl Servs Gr
- With a volume of 1,785,252, the price of PNC is up 0.07% at $149.12.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 86 days.
Professional Analyst Ratings for PNC Finl Servs Gr
2 market experts have recently issued ratings for this stock, with a consensus target price of $146.0.
- Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Underperform rating on PNC Finl Servs Gr with a target price of $145.
- An analyst from Goldman Sachs has decided to maintain their Neutral rating on PNC Finl Servs Gr, which currently sits at a price target of $147.
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 PNC Finl Servs Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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