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TFC trade ideas

TFC Truist Financial Corporation Options Ahead of EarningsIf 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 half of them. Looking forward to read your opinion about it.
NYSE:TFCLong
by TopgOptions
💾 Truist Financial Corp. (7th Biggest Bank USA) | Crash AheadThe 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 high volume. ✔️ The bearish cross on the MACD is very telling. It is already crashing. It started dropping in January 2022 and soon things sped up. It is the same as with the SPX and the rest of the indexes the only difference is that these banks produced the worst week in a long while while the averages still have to move below support. Major crash ahead looking for the bottom. After the bottom is hit a long-term recovery should take place. Namaste.
NYSE:TFCShort
by AlanSantana
2
Banks Bottomed?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. First, the trade. I went with a bottom play "TS Recap" on the Daily of TFC (title picture). I am play the low from March 15th as the line in the sand and stop loss. It goes up from here or it doesn't and I'm out. Pretty straightforward. There was a similar setup that is progressing a bit faster in BAC (Bank of America) but I preferred TFC for the dividend yield. Now, Let's talk Asset Narratives Asset narratives, both positive and negative, come around in different industries from year to year. Now in 2023 we have the "Banking Crisis" that has affected all non-too-big-to-fail banks. What is an "Asset Narrative? The most recent contrarian narrative trade comes to my mind... Energy of 2021. Remember 2021? Electric Vehicles were all the rage, they were going to replace all gas powered vehicles in the very, very near future. The smartest of experts were all telling people to divest from anything oil related. Oil was going the way of the dinosaur! Dirty energy was the most hated asset class. Oil futures even dropped below $0. Oil was FREE it was so devalued! People were GIVING IT AWAY! The comfortable trade of 2021 was to buy Electric Vehicle stocks and IPOs. It may have felt good at the time but does not feel good now to be a bagholder. I gas-lighted myself (pun intended) thinking I was crazy to buy XOM (just read the post title below). My reasoning was sound: oil was still very much necessary to our economy. Oil companies were still in the business of producing it. They clearly had lots of value. Why were they so cheap? It seemed like an obvious trade but almost TOO obvious. It was very uncomfortable to take the trade. Taking risk involves uncertainty and makes us uncomfortable. Early in my trading career I thought that one day I would become so accustomed to taking risk that I would be completely unaffected when putting on a trade. That never happened. Instead, I became comfortable with discomfort. These kinds of narratives come around once a year and in hindsight seem obvious. So now is that narrative for 2023 banking? I think it is. There are a lot of intelligent, reasonable, and well articulated REASONS that banks should be marked down. But that's where real opportunity lies... where is it not apparent.
NYSE:TFCLong
by norok
2
TFC in the "Valley of Risk"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 books and found that Truist was exposed to some of the same risk factors, namely low yield securities, as Silicon Valley Bank NASDAQ:SIVB . It is not existential risk, as Truist has a much better Deposit ratio than SVB, but it may impact the bank's profitability in the future. This fiasco is an example of why I do not assume bankers, Wall Street analysts, or "whales" operate at some vastly greater intelligence. In hindsight... buying up tons of low yield treasuries does not seem risky. But once something happened... suddenly EVERYONE realizes how risky it actually is and now EVERYONE is paying attention. There are thousands of people earning high 6 figs to look at and data crunch these numbers every day for months and only NOW realize they have a systemic risk problem. In my own analysis which I study and try to apply dispassionately I too can look back in hindsight at the price action of NYSE:TFC and see a clear warning sign I missed. In the summer of 2022 TFC was hovering around the 50% Retracement Level support from the COVID low to All Time High. I study and trade this key level every day on every timeframe. It's a technical analysis that I have learned to trust. By October 2022 price had clearly violated and broken the level as a part of the broader market selloff. This bearish trend that persisted through 2022 was not secular to TFC or banking. What it should demonstrate though is a secular lack strength to HOLD its own trend despite market conditions. Often price will hesitate and/or recapture said level... consolidating around it. The damage to the bullish trend though is already done and if one ignores these warnings the position is in danger of falling into what I call "The Valley of Risk" where there are no more supports until the last major low (The COVID low) and sometimes even beyond. That is where TFC has fallen today on this recent FUD. I still believe that TFC is a strong bank. This move down has put it into some spectacular dividend yield territory (6.45% as of writing). For a pure dividend play for me it is a hold. But as a technical trader I put this in my catalog of examples of how a bullish trend gives ample warning of failure before it truly drops.
Editors' picks
NYSE:TFCLong
by norok
3
Watchlist 2023-03-14 $GOLD $VALE $TCF $FRC $ALLY $KBWESPY - 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 pivot support and are trading above. Looking for longs above this level with the most room to the next resistance and have prior day intraday support. Preferably those that still have a gap to fill to the Friday's session. $FRC, $TFC, $ALLY Also watching $KBWE bank sector EFT for relative strength against individual names. $GOLD - If GOLD can stay above 17.10, (PM resistance and PD resistance) there is room for possibly another move to 17.50. Only if SPY is showing weakness. $VALE - head and shoulders pattern. Gapping below the neckline at 15.90. Does not have much PM vol so need to see that come in for confirmation.
NYSE:TFC
by UnclePennybagss