If you haven`t sold TFC here:
Then analyzing the options chain and the chart patterns of TFC Truist Financial Corporation prior to the earnings report this week,
I would consider purchasing the 36.50usd strike Puts with
an expiration date of 2024-1-19,
for a premium of approximately $0.59.
If these options prove to be profitable prior to the earnings release, I...
The chart here looks almost identical to PNC Financial Services Group...
We've been receiving countless spam from banks offering all sorts of products, dozens of emails and phone calls every week... Now we understand why... It seems like they are desperate for money.
TFC Weekly Chart:
✔️ Notice how the green weeks have low volume vs the red weeks which have...
Back in March, all we could read about was the "Banking Crisis" whether it was written by mainstream financial media or Bitcoin Maxi blogs. Truly, the great end of the US Dollar was upon us finally, right?
Well, like all panics, the fear abates and we can now see that said crisis amounted to only 3 banks failing for specific and now well understood reasons.
...
Preface and Disclaimer: I have a long term stake in Truist Financial Corp NYSE:TFC :(
I wondered "why" Truist, company I have held for a very long time (when it was BB&T) would have been caught up in this contagion of small bank risk fears. An article by Seeking Alpha sheds some light on it:
seekingalpha.com
TL;DR, over the weekend analysis dug into their...
