Bearish flow noted in PNC Financial with 3,196 puts trading, or 2x expected. Most active are 3/24 weekly 115 puts and 3/24 weekly 123 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 9 points on the day. Earnings are expected on April 14th.
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.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PNC:
- These Bank Stocks Could Beat the Market: PNC, FITB, KEY
- PNC Financial upgraded to Buy from Neutral at Citi
- PNC, RBC interest in SVB cools as regulators seek bids, Reuters says
- PNC Financial price target raised to $164 from $150 at Piper Sandler
- Atlantic Union Bankshares names Matt Linderman as chief information officer