A Curated Platform of Equity & Options Market Intelligence
Select Page

Hawk’s Nest

Top Regional Bank Sees Call Buyer into Bounce

by | Oct 4, 2022

PNC (PNC) with 690 November $160 calls bought $6.40 to $6.70 as the stock regains monthly value area low above 155 and pushing thru 21 EMA for a potential trend shift into October. The stock also is seeing a bullish cross higher on MACD showing momentum changing and Q4 has been seasonally a strong time for banks and financials stocks. PNC can move to the top of monthly value from here with the 80% rule in play on volume profile and the 167 is a good VPOC target that sits overhead.