TFCTruist Financial Corporation
Options Analysis Report•NATIONAL COMMERCIAL BANKS
Market Cap $62.8B|NYSE
● 2026-04-17$50.57
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +43.2%YTD +1.7%7D +2.0%
Options Vol
12,959
30D
Implied Move
±8.7%
IV Rank
28%
TFC Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 35.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.57x — IV premium over HV
Sector Relative≤50%
Sector percentile 52% — above sector median
Term Structure
<1.1xFront/Back 1.06x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.1% — normal range
Spread-Adjusted Value
<80%Effective IV 62.2% (ATM 32.1% + spread 15.1% + bias) — good value
Execution Efficiency
<3.0%Total drag 22.54% (spread 15.07% + slippage 7.47%) — high friction
Vega Efficiency
≥5.0Vega efficiency 13.71 (vega 20.656 / spread 15.07%) — efficient
Sentiment
Bullish or bearish?
5.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Weak signal (Conviction: +32%, Raw: +31%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +32% (strong bullish) — Raw: +31%
OI Skew Magnitude
≥15%|OI skew| 4.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -7.3%, OI skew +4.3% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 43%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -25%, ATM: +45%, OTM: +22% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 73% — very bearish vs sector
Activity
Unusual activity?
6.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 2.0x avg — hot
Turnover Rate
≥15%Vol/OI 7.4% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +4.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 71% — active vs sector
Trade Quality
≥30%Large trade volume 38% — institutional presence
Execution Urgency
≥60%Aggressive execution 45% — patient
Flow Conviction
≥30Conviction +32 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 15.1% — wide
Adequate OI
≥10,000OI 175,369 — deep
Active Volume
≥500Volume 12,959/day — active
Reasonable Cost
≤$0.50$0.75 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 54% — neutral vs sector
Order Book Depth
≥100 contractsDepth 295.4 contracts (bid:191.0 ask:104.4) — adequate
Execution Quality
<1.0%Avg slippage 7.47% — poor
Timing
Is now a good time?
6.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +6.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 35% — neutral
Event Detection
≥10pts kinkIV kink 2.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2582.00 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)HIGH RISK: Earnings in 0d (HIGH RISK)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +32% @ 66% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 68 (ITM 20% + inst 38%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV fair, mixed flow
Long Puts5.0
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV fair, mixed flow
Covered Call4.4
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.