PNC options flow: unusual options activity in PNC Financial Services Group, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 18 unusual options prints in PNC Financial Services Group, Inc. (PNC), $787K of tracked premium, leaning bearish. Bullish premium was $272K against $424K bearish; $150K went into calls and $637K into puts, a put call ratio of 4.24. The largest print was $97K of PNC 16 Oct 2026 $242.50 puts on 23 September 2026, swept at ask. The last session with prints, 24 September 2026, added 6 prints and $205K of premium. PNC closed at $225.64 on 25 September 2026, up 1.0%.
This week's unusual flow
Prints from 21 September 2026 to 24 September 2026, 4 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 23 Sep 2026 | PNC 16 Oct 2026 $242.50 puts | Sweep | 53 | 0 | $97K | At ask | Bearish | High conviction |
| 23 Sep 2026 | PNC 16 Oct 2026 $230 calls | Sweep | 140 | 17 | $63K | At ask | Bullish | High conviction |
| 23 Sep 2026 | PNC 15 Dec 2028 $220 puts | Sweep | 22 | 86 | $61K | At ask | Bearish | Notable |
| 23 Sep 2026 | PNC 23 Oct 2026 $225 puts | Sweep | 80 | 0 | $56K | At ask | Bearish | High conviction |
| 21 Sep 2026 | PNC 15 Jan 2027 $250 calls | Sweep | 80 | 399 | $55K | At ask | Bullish | Notable |
| 23 Sep 2026 | PNC 15 Dec 2028 $230 puts | Sweep | 16 | 14 | $51K | At ask | Bearish | High conviction |
| 24 Sep 2026 | PNC 16 Oct 2026 $242.50 puts | Sweep | 23 | 64 | $49K | At ask | Bearish | Notable |
| 22 Sep 2026 | PNC 25 Sep 2026 $232.50 puts | Sweep | 87 | 20 | $42K | At ask | Bearish | High conviction |
| 23 Sep 2026 | PNC 23 Oct 2026 $225 puts | Sweep | 54 | 0 | $37K | At ask | Bearish | High conviction |
| 23 Sep 2026 | PNC 21 Jan 2028 $220 puts | Sweep | 16 | 16 | $35K | At midpoint | Neutral | |
| 24 Sep 2026 | PNC 16 Oct 2026 $290 puts | Trade | 5 | 0 | $34K | At bid | Bullish | |
| 24 Sep 2026 | PNC 17 Sep 2027 $220 calls | Trade | 13 | 1 | $32K | At ask | Bullish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 16 Oct 2026 | 6 | $304K | 21% | -$49K |
| 17 Sep 2027 | 4 | $118K | 27% | +$62K |
| 15 Dec 2028 | 2 | $112K | 0% | -$112K |
| 23 Oct 2026 | 2 | $93K | 0% | -$93K |
| 15 Jan 2027 | 1 | $55K | 100% | +$55K |
| 25 Sep 2026 | 1 | $42K | 0% | -$42K |
The most premium, $304K, is aimed at the 16 Oct 2026 expiry; the nearest expiry with unusual prints is 25 Sep 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 24 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 24 Sep 2026 | PNC 16 Oct 2026 $242.50 puts | Sweep | 23 | 64 | $49K | At ask | Bearish | Notable |
| 24 Sep 2026 | PNC 16 Oct 2026 $290 puts | Trade | 5 | 0 | $34K | At bid | Bullish | |
| 24 Sep 2026 | PNC 17 Sep 2027 $220 calls | Trade | 13 | 1 | $32K | At ask | Bullish | Notable |
| 24 Sep 2026 | PNC 16 Oct 2026 $222.50 puts | Trade | 50 | 50 | $30K | At ask | Bearish | |
| 24 Sep 2026 | PNC 16 Oct 2026 $222.50 puts | Trade | 50 | 50 | $30K | At bid | Bullish |
Every print in PNC with its full detail, the live tape, one tap filters and saved screeners: open PNC in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open PNC in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 16 firms, have a median of $280, 24.1% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About PNC Financial Services Group, Inc.
- Exchange
- NYSE
- Sector
- Financials
- Industry
- Banking
- Headquarters
- Pittsburgh, Pennsylvania
- Website
- pnc.com
PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. Retail Banking segment offers brokerage, insurance, and investment and cash management services. Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases. Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash. solutions, private banking, and trust management and administration solutions.
In the same sector
Flow pages for other Financials names in the S&P 500:
JPM JPMorgan Chase & Co.V Visa Inc.MA Mastercard Inc.BAC Bank of America Corp.MS Morgan StanleyGS Goldman Sachs Group Inc.WFC Wells Fargo & CompanyC Citigroup Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for PNC with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open PNC in Options Sentiment Screener