High-rolling investors have positioned themselves bullish on PNC Finl Servs Gr PNC, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PNC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for PNC Finl Servs Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 71% bullish and 28% bearish. Among all the options we identified, there was one put, amounting to $26,000, and 13 calls, totaling $735,594.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $145.0 for PNC Finl Servs Gr over the recent three months.
Insights into Volume & Open Interest
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 $135.0 to $145.0 over the preceding 30 days.
PNC Finl Servs Gr Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PNC | CALL | TRADE | BULLISH | 01/19/24 | $135.00 | $96.2K | 1.4K | 494 |
| PNC | CALL | TRADE | BULLISH | 01/19/24 | $135.00 | $86.8K | 1.4K | 436 |
| PNC | CALL | TRADE | BULLISH | 01/19/24 | $135.00 | $70.5K | 1.4K | 83 |
| PNC | CALL | TRADE | NEUTRAL | 01/19/24 | $135.00 | $62.7K | 1.4K | 384 |
| PNC | CALL | TRADE | BULLISH | 01/19/24 | $135.00 | $54.4K | 1.4K | 187 |
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.
After a thorough review of the options trading surrounding PNC Finl Servs Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of PNC Finl Servs Gr
- Currently trading with a volume of 616,517, the PNC's price is down by -0.61%, now at $154.24.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 5 days.
What Analysts Are Saying About PNC Finl Servs Gr
3 market experts have recently issued ratings for this stock, with a consensus target price of $148.46.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for PNC Finl Servs Gr, targeting a price of $147.
- An analyst from Odeon Capital upgraded its action to Buy with a price target of $153.
- An analyst from Keefe, Bruyette & Woods has decided to maintain their Underperform rating on PNC Finl Servs Gr, which currently sits at a price target of $145.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PNC Finl Servs Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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