Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
TFC options intelligence
Truist Financial Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 31 Jul 2026
Checked 1 Aug 2026 22:45 · complete available chain
Call-side pressure
Bullish pressure
TFC currently carries bullish options pressure with a 33/100 conviction score. The nearest-chain expected move is 5.1%, with volume/open-interest participation at 0.00.
Expected move
5.1%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.58
Call-side skew
Trend fit
61
Options agree with trend context
Weekly backdrop
+0.2%
RS 0.7
Expected move
5.1%
Put-call volume
0.58
Volume / OI
0.00
Reference IV
0.27
Max pain
50.00
Underlying
51.84
Nearest expiry
21 Aug 2026
Contracts
396
Research Brief
TFC has a bullish chain read with 33/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 49.21–54.47; The largest call open-interest concentration is 55.00; the largest put concentration is 47.50. The most active strike by current volume is 52.50.
Priced range49.21–54.47
Call concentration55.00
Put concentration47.50
Max pain reference50.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
Priced Move
Where the chain says movement becomes exceptional
Options imply 49.21 to 54.47. Max pain at 50.00 sits inside that range, 3.5% below spot.
Spot
Max pain
49.2151.84 ± 2.6354.47
Confirmation level
A close beyond 54.47 or below 49.21 at the 21 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 33/100
Pressure is 30/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure30 × 42%
+12.5
How strongly activity leans toward calls or puts.
Participation2 × 22%
+0.4
Volume relative to existing open interest and contract-level activity.
Trend agreement61 × 26%
+15.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility39 × 10%
+3.9
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 55.00; the largest put concentration is 47.50. The most active strike by current volume is 52.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
25.00-51.8%
2
0
30.00-42.1%
1
0
32.50-37.3%
0
18
35.00-32.5%
0
21
37.50-27.7%
0
132
40.00-22.8%
10
156
42.50-18.0%
1
2170
45.00-13.2%
25
2524
47.50-8.4%
320
1856
50.00-3.5%
1698
708
52.501.3%
3410
868
55.006.1%
4979
0
57.5010.9%
608
3
60.0015.7%
12
0
65.0025.4%
4
0
70.0035.0%
1
0
75.0044.7%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.27
21 Aug
21d
0.26
18 Sep
49d
0.27
16 Oct
77d
0.28
20 Nov
112d
0.27
18 Dec
140d
0.27
15 Jan
168d
0.28
19 Mar
231d
0.29
17 Jun
321d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
43
45
48
50
53
55
58
60
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 396 / 396
- No material coverage gap was detected in the retained chain.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Call-side pressure is building before a meaningful weekly price response.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $36128 of estimated gross traded notional, calls · 8-21 days · atm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+30
1W price+0.2%
Call premium65%
Put premium35%
Notional split
C 65% / P 35%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
61/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 8-21 days · ATM
calls cluster with 81 contracts traded, $6885 estimated gross traded notional, and 19% of visible notional.
$6885
Calls · 46-90 days · OTM
calls cluster with 49 contracts traded, $5898 estimated gross traded notional, and 16% of visible notional.
$5898
Puts · 8-21 days · OTM
puts cluster with 65 contracts traded, $4560 estimated gross traded notional, and 13% of visible notional.
$4560
Puts · 91+ days · ATM
puts cluster with 8 contracts traded, $3940 estimated gross traded notional, and 11% of visible notional.
$3940
Calls · 46-90 days · ITM
calls cluster with 13 contracts traded, $3802 estimated gross traded notional, and 11% of visible notional.
$3802
Setup Classification
Opportunity and risk frame
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close51.84
1W+0.2%
RS0.7
Fair value+30.6%
Options pressure30
Speculation2
Volatility39
Trend fit61
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:06
Bullish
Pressure 71
Move 5.7%
30 Jul 10:04
Bullish
Pressure 88
Move 5.5%
30 Jul 20:12
Bearish
Pressure -37
Move 4.5%
30 Jul 20:54
Bearish
Pressure -37
Move 5.0%
1 Aug 03:26
Bullish
Pressure 30
Move 5.1%
1 Aug 21:45
Bullish
Pressure 30
Move 5.1%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 1
Puts · V 1 · OI 0
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 18
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike40.00
Calls · V 0 · OI 10
Puts · V 0 · OI 132
Strike42.50
Calls · V 0 · OI 1
Puts · V 0 · OI 156
Strike45.00
Calls · V 0 · OI 25
Puts · V 0 · OI 2170
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.27
Put-call0.55
Expiry18 Sep 2026
Contracts40
Avg IV0.26
Put-call0.56
Expiry16 Oct 2026
Contracts36
Avg IV0.27
Put-call0.13
Expiry20 Nov 2026
Contracts36
Avg IV0.28
Put-call-
Expiry18 Dec 2026
Contracts40
Avg IV0.27
Put-call5.50
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.23
Put IV0.31
Skew0.08
18 Sep 2026Balanced skew
Call IV0.23
Put IV0.27
Skew0.04
16 Oct 2026Balanced skew
Call IV0.26
Put IV0.30
Skew0.04
20 Nov 2026Put IV premium
Call IV0.24
Put IV0.33
Skew0.09
18 Dec 2026Put IV premium
Call IV0.22
Put IV0.32
Skew0.10
Contract Tape
Most active contracts
ContractTFC260821C00052500
SideCall
Expiry21 Aug 2026
Strike52.50
Volume81
OI3410
IV0.22
ContractTFC260821P00050000
SidePut
Expiry21 Aug 2026
Strike50.00
Volume62
OI1856
IV0.31
ContractTFC261016C00055000
SideCall
Expiry16 Oct 2026
Strike55.00
Volume45
OI1043
IV0.25
ContractTFC260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume34
OI4979
IV0.23
ContractTFC260918C00050000
SideCall
Expiry18 Sep 2026
Strike50.00
Volume13
OI2627
IV0.23
ContractTFC270115P00045000
SidePut
Expiry15 Jan 2027
Strike45.00
Volume10
OI1473
IV0.31
ContractTFC260821C00057500
SideCall
Expiry21 Aug 2026
Strike57.50
Volume6
OI608
IV0.19
ContractTFC260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume5
OI7056
IV0.34
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.