27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bullish approach towards Wells Fargo (NYSE:WFC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WFC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Wells Fargo. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 9 are puts, totaling $984,346, and 5 are calls, amounting to $278,305.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $60.0 for Wells Fargo, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Wells Fargo's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Wells Fargo's whale trades within a strike price range from $45.0 to $60.0 in the last 30 days.
Wells Fargo Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WFC | PUT | TRADE | BULLISH | 01/16/26 | $3.05 | $2.92 | $2.93 | $45.00 | $439.5K | 6.3K | 1.5K |
| WFC | PUT | TRADE | NEUTRAL | 05/17/24 | $1.18 | $1.16 | $1.17 | $55.00 | $152.1K | 8.9K | 57 |
| WFC | CALL | SWEEP | BULLISH | 10/18/24 | $3.55 | $3.45 | $3.55 | $60.00 | $106.5K | 3.7K | 1 |
| WFC | PUT | SWEEP | BEARISH | 01/17/25 | $3.95 | $3.9 | $3.9 | $55.00 | $98.2K | 6.8K | 19 |
| WFC | PUT | SWEEP | BEARISH | 01/17/25 | $5.0 | $5.0 | $5.0 | $57.50 | $90.5K | 2.8K | 9 |
About Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Following our analysis of the options activities associated with Wells Fargo, we pivot to a closer look at the company's own performance.
Current Position of Wells Fargo
- Trading volume stands at 10,471,062, with WFC's price down by -1.59%, positioned at $56.66.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 2 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Wells Fargo, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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