Wells Fargo's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bullish stance on Wells Fargo.

Looking at options history for Wells Fargo WFC we detected 27 trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $585,628 and 21, calls, for a total amount of $2,143,934.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $70.0 for Wells Fargo during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Wells Fargo's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Wells Fargo's substantial trades, within a strike price spectrum from $40.0 to $70.0 over the preceding 30 days.

Wells Fargo Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
WFC CALL TRADE BEARISH 10/18/24 $14.25 $13.85 $14.0 $47.50 $432.6K 21 309
WFC CALL TRADE BULLISH 07/19/24 $13.45 $13.2 $13.45 $47.50 $415.6K 5.8K 309
WFC PUT TRADE NEUTRAL 01/16/26 $2.34 $2.17 $2.25 $45.00 $337.5K 7.2K 1.5K
WFC CALL SWEEP BULLISH 01/17/25 $3.85 $3.8 $3.82 $65.00 $173.6K 12.2K 480
WFC CALL SWEEP BEARISH 01/17/25 $17.05 $16.95 $16.95 $45.00 $169.5K 17.8K 0

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.

In light of the recent options history for Wells Fargo, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Wells Fargo's Current Market Status

  • With a volume of 8,793,264, the price of WFC is up 0.45% at $60.21.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 67 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Wells Fargo with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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