Bullish option flow detected in Truist Financial (TFC) with 5,864 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 30.35%. Jan-25 45 calls and Dec-24 48 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.58. Earnings are expected on January 17th.
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Read More on TFC:
- GE Vernova Declares First Dividend after Stock Rallies More than 150%
- Truist Financial price target raised to $56 from $47 at Compass Point
- Truist Financial price target raised to $51 from $46 at Piper Sandler
- Truist Financial price target raised to $51 from $47 at Citi
- Truist Financial call volume above normal and directionally bullish
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.