Investors with a lot of money to spend have taken a bearish stance on Truist Finl TFC.
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 TFC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Truist Finl.
This isn't normal.
The overall sentiment of these big-money traders is split between 10% bullish and 90%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $468,613, and there was 1 call, for a total amount of $69,840.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $45.0 for Truist Finl over the recent three months.
Volume & Open Interest Trends
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 $35.0 to $45.0 in the last 30 days.
Truist Finl 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TFC | PUT | SWEEP | BEARISH | 12/20/24 | $8.0 | $7.9 | $8.0 | $45.00 | $119.2K | 5 | 151 |
| TFC | PUT | SWEEP | BEARISH | 12/20/24 | $8.0 | $7.9 | $8.0 | $45.00 | $74.4K | 5 | 151 |
| TFC | CALL | TRADE | BEARISH | 07/19/24 | $3.0 | $2.91 | $2.91 | $37.50 | $69.8K | 1.1K | 240 |
| TFC | PUT | SWEEP | BULLISH | 01/17/25 | $3.65 | $3.6 | $3.61 | $37.50 | $54.0K | 635 | 302 |
| TFC | PUT | TRADE | BEARISH | 01/17/25 | $3.6 | $3.6 | $3.6 | $37.50 | $54.0K | 635 | 2 |
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.
Having examined the options trading patterns of Truist Finl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Truist Finl's Current Market Status
- Trading volume stands at 2,217,976, with TFC's price down by -1.36%, positioned at $38.45.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 21 days.
Expert Opinions on Truist Finl
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $42.333333333333336.
- Consistent in their evaluation, an analyst from HSBC keeps a Hold rating on Truist Finl with a target price of $39.
- An analyst from Wells Fargo persists with their Overweight rating on Truist Finl, maintaining a target price of $45.
- Showing optimism, an analyst from Stephens & Co. upgrades its rating to Overweight with a revised price target of $43.
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 Truist Finl with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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