20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Investors with a lot of money to spend have taken a bearish stance on PNC Finl Servs Gr (NYSE: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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with PNC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for PNC Finl Servs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 14 are puts, for a total amount of $757,033, and 2 are calls, for a total amount of $146,439.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $170.0 for PNC Finl Servs Gr over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of PNC Finl Servs Gr stands at 229.29, with a total volume reaching 2,113.00. 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 $155.0 to $170.0, throughout the last 30 days.
PNC Finl Servs Gr 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PNC | CALL | SWEEP | BEARISH | 07/19/24 | $9.8 | $9.5 | $9.4 | $160.00 | $89.3K | 243 | 95 |
| PNC | PUT | TRADE | BULLISH | 06/21/24 | $14.6 | $13.7 | $13.97 | $170.00 | $76.8K | 189 | 0 |
| PNC | PUT | TRADE | BEARISH | 06/21/24 | $14.3 | $12.0 | $13.63 | $170.00 | $74.9K | 189 | 55 |
| PNC | PUT | SWEEP | NEUTRAL | 06/21/24 | $14.2 | $12.2 | $13.23 | $170.00 | $73.1K | 189 | 110 |
| PNC | PUT | TRADE | BEARISH | 01/17/25 | $12.7 | $12.4 | $12.6 | $155.00 | $61.7K | 281 | 50 |
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.
Current Position of PNC Finl Servs Gr
- With a trading volume of 482,462, the price of PNC is up by 0.25%, reaching $162.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 15 days from now.
What Analysts Are Saying About PNC Finl Servs Gr
In the last month, 4 experts released ratings on this stock with an average target price of $175.25.
- 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 $168.
- An analyst from HSBC upgraded its action to Hold with a price target of $155.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on PNC Finl Servs Gr with a target price of $194.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for PNC Finl Servs Gr, targeting a price of $184.
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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