Market Whales and Their Recent Bets on WFC Options

Today, Benzinga's options scanner spotted 8 options trades for Wells Fargo. This is not a typical pattern.

The sentiment among these major traders is split, with 75% bullish and 12% bearish. Among all the options we identified, there was one put, amounting to $253,920, and 7 calls, totaling $432,062.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $67.0 to $85.0 for Wells Fargo during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Wells Fargo stands at 3603.4, with a total volume reaching 4,077.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wells Fargo, situated within the strike price corridor from $67.0 to $85.0, throughout the last 30 days.

Wells Fargo Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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 US.

After a thorough review of the options trading surrounding Wells Fargo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Wells Fargo

  • With a volume of 1,267,835, the price of WFC is down -0.48% at $70.51.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 25 days.

Expert Opinions on Wells Fargo

In the last month, 1 experts released ratings on this stock with an average target price of $80.0.

Turn $1000 into $1270 in just 20 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.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.