27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on PNC Finl Servs Gr. Our analysis of options history for PNC Finl Servs Gr (NYSE:PNC) revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $395,335, and 7 were calls, valued at $502,126.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $170.0 for PNC Finl Servs Gr over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of PNC Finl Servs Gr stands at 965.75, with a total volume reaching 2,369.00. 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 $130.0 to $170.0, throughout the last 30 days.
PNC Finl Servs Gr 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PNC | CALL | SWEEP | BULLISH | 04/19/24 | $160.00 | $176.5K | 6.8K | 574 |
| PNC | PUT | SWEEP | BEARISH | 03/28/24 | $150.00 | $168.0K | 479 | 7 |
| PNC | CALL | SWEEP | BULLISH | 05/17/24 | $165.00 | $122.7K | 323 | 366 |
| PNC | PUT | SWEEP | NEUTRAL | 01/17/25 | $150.00 | $77.2K | 238 | 50 |
| PNC | CALL | SWEEP | BULLISH | 06/21/24 | $170.00 | $72.3K | 490 | 22 |
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.
In light of the recent options history for PNC Finl Servs Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
PNC Finl Servs Gr's Current Market Status
- Currently trading with a volume of 3,600,188, the PNC's price is down by -3.95%, now at $149.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 41 days.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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