Options/TFC

TFCTruist Financial Corporation

Options Analysis Report•NATIONAL COMMERCIAL BANKS

Market Cap $61.6B|NYSE

● 2026-08-31$50.43

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +8.6%YTD +1.4%7D -0.7%

Options Vol

895

30D

Implied Move

±6.1%

IV Rank

10%

TFC Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

Loading score history...

TFC Gamma Walls

Loading gamma walls...

TFC Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where TFC sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.97) — options are pricing vol 84% above what the stock has actually been realizing, and near-dated vol is priced 9% below far-dated, measured against this name's own rolling 22-trading-day realized moves (482 overlapping windows). Fragility reads resilient (1.88): it is trading 14% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is contracting.

Protection cost

2.97/ 10cheap

Basis: cross_sectional

Fragility

1.88/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

6.6

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 30.8% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.64x — IV premium over HV

Sector Relative≤50%

Sector percentile 59% — above sector median

Term Structure

<1.1x

Front/Back 0.82x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 25.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 47.9% (ATM 25.9% + spread 11.0% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 14.94% (spread 11.01% + slippage 3.93%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 11.06 (vega 12.182 / spread 11.01%) — efficient

Sentiment

Bullish or bearish?

5.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -39%, Raw: -34%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -39% (strong bearish) — Raw: -34%

OI Skew Magnitude

≥15%

|OI skew| 13.2% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +32.3%, OI skew +13.2% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -88%, ATM: -15%, OTM: -29% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 35% — bullish vs sector

Activity

Unusual activity?

2.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.2x avg — normal

Turnover Rate

≥15%

Vol/OI 0.6% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -2.8% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 22% — below sector avg

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 27% — patient

Flow Conviction

≥30

Conviction -39 (bearish) — moderate

Liquidity

Can I trade efficiently?

3.7

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.0% — wide

Adequate OI

≥10,000

OI 146,311 — deep

Active Volume

≥500

Volume 895/day — adequate

Reasonable Cost

≤$0.50

$0.55 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 60% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 315.0 contracts (bid:151.7 ask:163.3) — adequate

Execution Quality

<1.0%

Avg slippage 3.93% — poor

Timing

Is now a good time?

7.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -17.8% — contango

IV Percentile Clarity

<30 or >70

IV percentile 31% — neutral

Event Detection

≥10pts kink

IV kink -4.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1050.19 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -39% @ 70% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls5.7

bullishIV cheap, mixed flow

Long Puts5.6

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.7

bullishIV too cheap, mixed flow

Covered Call4.6

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on TFC

TFC gamma walls TFC max pain TFC IV rank TFC options flow