Bearish flow noted in Truist Financial with 1,724 puts trading, or 1.4x expected. Most active are 10/4 weekly 40 puts and Oct-24 41.5 puts, with total volume in those strikes near 910 contracts. The Put/Call Ratio is 1.92, while ATM IV is up over 1 point on the day. Earnings are expected on October 17th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFC:
- Truist Financial call volume above normal and directionally bullish
- Truist Financial Executives Speak at Barclays Conference
- Truist Financial Revamps Executive Compensation and Grants Leadership Awards
- Truist Financial Board Director Patrick Graney III Retires
- Truist Financial upgraded to Peer Perform from Underperform at Wolfe Research