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 would sell at least half of them.
Trade closed: target reached
TFC reached $35.16 after the earnings release, but i haven`t monitored the options chain back them. they were for sure profitable at least 2X.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.