Looking At PNC Finl Servs Gr's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PNC Financial Services Group (NYSE:PNC) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 90% bearish and 10% bullish. The trades include 6 puts for a total amount of $457,630 and 4 calls for a total amount of $263,160. The targeted price range for PNC over the last 3 months is from $105.0 to $132.0.
August 22, 2023 | 3:46 pm
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Unusual options activity indicates a significant bearish stance on PNC Financial Services Group. The targeted price range for PNC over the last 3 months is from $105.0 to $132.0.
The unusual options activity, which is heavily skewed towards bearish sentiment, indicates that traders are expecting the price of PNC to decrease. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100