Ticker Options Intelligence

TFC options intelligence

Truist Financial Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 18 Sep 2026 Checked 21 Sep 2026 12:20 · complete available chain

Call-side pressure

Bullish pressure

TFC currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 6.6%, with volume/open-interest participation at 0.04.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 6.6%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.11

Call-side skew

Trend fit 5

Options are not fully confirming trend

Weekly backdrop -3.7%

RS -7.0

Expected move 6.6%
Put-call volume 0.11
Volume / OI 0.04
Reference IV 0.28
Max pain 50.00
Underlying 48.56
Nearest expiry 16 Oct 2026
Contracts 394

Research Brief

TFC has a bullish chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 45.34–51.78; The largest call open-interest concentration is 55.00; the largest put concentration is 50.00. The most active strike by current volume is 52.50.

Priced range45.34–51.78
Call concentration55.00
Put concentration50.00
Max pain reference50.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 16 Oct

Options imply 45.34 to 51.78. Max pain at 50.00 sits inside that range, 3.0% above spot.

Spot Max pain
45.3448.56 ± 3.2251.78
Confirmation level

A close beyond 51.78 or below 45.34 at the 16 Oct 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 44/100

Evidence alignment, not probability

Pressure is 83/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure83 × 42%
+34.8

How strongly activity leans toward calls or puts.

Participation16 × 22%
+3.5

Volume relative to existing open interest and contract-level activity.

Trend agreement5 × 26%
+1.3

How closely the chain read agrees with the underlying trend backdrop.

Volatility46 × 10%
+4.6

The intensity of implied volatility and the priced move.

Reconstructed score44.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 55.00; the largest put concentration is 50.00. 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
25.00-48.5%
2
0
30.00-38.2%
0
0
32.50-33.1%
0
30
35.00-27.9%
0
3
37.50-22.8%
0
40
40.00-17.6%
0
358
42.50-12.5%
0
1036
45.00-7.3%
59
927
47.50-2.2%
39
8432
50.003.0%
967
672
52.508.1%
2313
1
55.0013.3%
8158
12
57.5018.4%
2651
0
60.0023.6%
206
0
62.5028.7%
9
0
65.0033.9%
60
0
70.0044.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported + model-estimated Greeks · 100% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile+$312,630Delta change / 1% move
Positive peak55.00+$1.6M
Negative peak50.00-$1.8M
Nearest balance51.70Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-58.8%
-$33
22.50-53.7%
-$2,337
25.00-48.5%
-$2,061
27.50-43.4%
-$1,461
30.00-38.2%
-$3,936
32.50-33.1%
-$6,006
35.00-27.9%
-$12,063
37.50-22.8%
-$101,993
40.00-17.6%
-$190,123
42.50-12.5%
-$379,783
45.00-7.3%
-$654,680
47.50-2.2%
-$213,322
50.003.0%
-$1.8M
52.508.1%
+$843,346
55.0013.3%
+$1.6M
57.5018.4%
+$653,646
60.0023.6%
+$389,596
62.5028.7%
+$52,855
65.0033.9%
+$57,431
70.0044.2%
+$33,809
75.0054.4%
+$7,972
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Balanced volatility curve

0.99× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.28 16 Oct 28d
0.27 20 Nov 63d
0.26 18 Dec 91d
0.26 15 Jan 119d
0.27 19 Mar 182d
0.28 17 Jun 272d
0.28 17 Sep 364d
0.28 21 Jan 490d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

40
43
45
48
50
53
55
58
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

32 matured · 23 directional

Across 23 stored directional transitions, the next stored price moved in the labelled direction 9% of the time.

Directional follow-through9%
Moves contained by pricing56%
Average expiry move3.9%
16 Sep Bearish · 39 -3.7% through expiry 3.5% priced · v2.0
14 Sep Mixed · 30 -3.7% through expiry 2.5% priced · v2.0
11 Sep Mixed · 29 -3.7% through expiry 2.8% priced · v2.0
10 Sep Bullish · 40 -6.0% through expiry 4.9% priced · v2.0
8 Sep Bullish · 39 -6.0% through expiry 4.3% priced · v2.0
4 Sep Bullish · 38 -6.0% through expiry 3.6% priced · v2.0
3 Sep Bullish · 45 -3.7% through expiry 4.8% priced · v2.0
2 Sep Bullish · 36 -3.7% through expiry 4.1% priced · v2.0
1 Sep Bullish · 48 -3.7% through expiry 4.0% priced · v2.0
31 Aug Bullish · 42 -3.7% through expiry 3.9% priced · v2.0
28 Aug Bullish · 37 -3.7% through expiry 4.1% priced · v2.0
27 Aug Bullish · 47 -3.7% through expiry 4.5% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
18 Sep 2026
Calculation
v2.0
Contracts
394 / 394
  • 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

Multi-expiry position-maintenance candidate

77/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $308,584 of estimated gross traded notional, calls · 22-45 days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+83
1W price-3.7%
Call premium79%
Put premium21%
Notional split C 79% / P 21% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 Volume divided by open interest across the visible chain.
Trend fit 5/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 22-45 days · OTM
Calls · 22-45 days · OTM calls cluster with 3324 contracts traded, $121,628 estimated gross traded notional, and 39% of visible notional.
$121,628
Calls · 91+ days · OTM calls cluster with 301 contracts traded, $51,284 estimated gross traded notional, and 17% of visible notional.
$51,284
Calls · 91+ days · ITM calls cluster with 40 contracts traded, $41,000 estimated gross traded notional, and 13% of visible notional.
$41,000
Puts · 91+ days · ATM puts cluster with 126 contracts traded, $28,350 estimated gross traded notional, and 9% of visible notional.
$28,350
Calls · 46-90 days · OTM calls cluster with 336 contracts traded, $21,684 estimated gross traded notional, and 7% of visible notional.
$21,684

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Above normal

80

Activity is running above the recent historical baseline.

Baseline: 34 completed sessions

Volume rank85th
Volume/OI rank85th
IV rank71th

Market Context

Underlying confirmation

Sharemaestro weekly
Close48.56
1W-3.7%
RS-7.0
Fair value+19.0%
Options pressure83
Speculation16
Volatility46
Trend fit5

Today Versus Normal

Stored-options context

View history
Expected move 6.6% elevated
30d avg 4.1% · 18 sessions 100th
90d avg 4.0% · 34 sessions 100th
180d avg - · 34/60 sessions -
IV 0.28 near normal
30d avg 0.29 · 18 sessions 72th
90d avg 0.28 · 34 sessions 71th
180d avg - · 34/60 sessions -
Put-call 0.11 muted
30d avg 0.54 · 18 sessions 11th
90d avg 0.57 · 34 sessions 12th
180d avg - · 34/60 sessions -
Volume/OI 0.04 elevated
30d avg 0.02 · 18 sessions 89th
90d avg 0.02 · 34 sessions 85th
180d avg - · 34/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
11 Aug 10:20 Bullish
Pressure 66
Move 3.7%
12 Aug 10:21 Bullish
Pressure 71
Move 3.4%
13 Aug 10:01 Bullish
Pressure 82
Move 2.9%
14 Aug 10:02 Bullish
Pressure 99
Move 2.6%
17 Aug 10:02 Bullish
Pressure 22
Move 2.5%
18 Aug 10:05 Mixed
Pressure -1
Move 1.9%
19 Aug 10:04 Mixed
Pressure -7
Move 1.9%
20 Aug 10:10 Bullish
Pressure 28
Move 3.0%

Strike Map

Where activity is clustering

Full strike map
Strike25.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · 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 30
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike40.00
Calls · V 0 · OI 0
Puts · V 2 · OI 40
Strike42.50
Calls · V 0 · OI 0
Puts · V 1 · OI 358
Strike45.00
Calls · V 0 · OI 59
Puts · V 98 · OI 1036

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts36
Avg IV0.28
Put-call0.07
Expiry20 Nov 2026
Contracts38
Avg IV0.27
Put-call0.24
Expiry18 Dec 2026
Contracts40
Avg IV0.26
Put-call0.01
Expiry15 Jan 2027
Contracts44
Avg IV0.26
Put-call0.76
Expiry19 Mar 2027
Contracts40
Avg IV0.27
Put-call0.17

Skew

Call/put IV balance

OTM demand
16 Oct 2026Balanced skew
Call IV0.28
Put IV0.29
Skew0.01
20 Nov 2026Put IV premium
Call IV0.23
Put IV0.29
Skew0.06
18 Dec 2026Put IV premium
Call IV0.22
Put IV0.29
Skew0.07
15 Jan 2027Put IV premium
Call IV0.24
Put IV0.30
Skew0.06
19 Mar 2027Put IV premium
Call IV0.22
Put IV0.32
Skew0.10

Contract Tape

Most active contracts

Full contract tape
ContractTFC261016C00052500
SideCall
Expiry16 Oct 2026
Strike52.50
Volume2991
OI2313
IV0.28
ContractTFC261016C00055000
SideCall
Expiry16 Oct 2026
Strike55.00
Volume168
OI8158
IV0.28
ContractTFC261016C00050000
SideCall
Expiry16 Oct 2026
Strike50.00
Volume165
OI967
IV0.28
ContractTFC261120C00055000
SideCall
Expiry20 Nov 2026
Strike55.00
Volume149
OI1200
IV0.25
ContractTFC270115P00047500
SidePut
Expiry15 Jan 2027
Strike47.50
Volume126
OI1702
IV0.28
ContractTFC261016P00045000
SidePut
Expiry16 Oct 2026
Strike45.00
Volume98
OI1036
IV0.29
ContractTFC270115C00052500
SideCall
Expiry15 Jan 2027
Strike52.50
Volume81
OI2235
IV0.23
ContractTFC261016P00050000
SidePut
Expiry16 Oct 2026
Strike50.00
Volume80
OI8432
IV0.23

Evidence context