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...
If you haven`t sold TFC here:
Then analyzing the options chain of TFC Truist Financial Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2023-7-28,
for a premium of approximately $1.25.
If these options prove to be profitable prior to the earnings release, I would sell at least...
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...
SPY - pointing to a higher open coming up this morning following a volatile session amidst concerns over the fallout from Silicon Valley Bank's collapse on Monday. CPI came in as expected at 6% YoY and MoM at 0.4%.
Regional banks continue to trade like low float small caps. I'm looking for names with capitulatory vol (5x average) that flushed out below a key...
The PEAD projected a Bullish outlook for $TFC after a Positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90%.
Looking at the TFC Truist Financial options chain ahead of earnings , I would buy the $47.5 strike price Puts with
2023-1-20 expiration date for about
$0.75 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
TFC has formed two distinct inverse head and shoulder patterns
Preceding these patterns is a top formation at the dotted line (red hammer)
As price has just encountered another top hammer recently a downward move is expected which correlates with the prior top (red hammer)
The PEAD projected a Bullish outlook for $TFC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
TFC hitting against resistance but if this rally off the 5% dip continues, there should be no reason this does not continue to rally as well. Looking forward to watching her move.
This charts mirrors $KRE , regional bank ETF, fairly close.
I prefer to own SunTrust/ Truist ...
Note the dividend yield, makes this more interesting to own in a taxable brokerage account versus and IRA.
Disclosure: I already own it, am also plan to trade it week 25. Will be comfortable holding it, if it continues to sink.
