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 20 strange trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $819,577 and 8, calls, for a total amount of $330,549.
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 $20.0 to $42.5 for Truist Finl over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $20.0 to $42.5 in 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 | SWEEP | BEARISH | 04/21/23 | $25.00 | $159.6K | 3.5K | 1.3K |
| TFC | PUT | SWEEP | BEARISH | 04/21/23 | $25.00 | $156.4K | 3.5K | 2.3K |
| TFC | PUT | SWEEP | BEARISH | 04/21/23 | $25.00 | $107.4K | 3.5K | 2.8K |
| TFC | PUT | SWEEP | BEARISH | 04/21/23 | $20.00 | $97.8K | 81 | 1.6K |
| TFC | CALL | SWEEP | BULLISH | 06/16/23 | $30.00 | $63.1K | 179 | 233 |
Where Is Truist Finl Standing Right Now?
- With a volume of 26,713,338, the price of TFC is up 3.08% at $33.09.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 33 days.
What The Experts Say On Truist Finl:
- Citigroup upgraded its action to Buy with a price target of $52
- Baird upgraded its action to Outperform with a price target of $53
- Keefe, Bruyette & Woods upgraded its action to Market Perform with a price target of $45
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
