A Closer Look at Wells Fargo's Options Market Dynamics

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

Looking at options history for Wells Fargo WFC we detected 36 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 26 are puts, for a total amount of $1,444,552 and 10, calls, for a total amount of $616,887.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $55.0 for Wells Fargo over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Wells Fargo options trades today is 4284.77 with a total volume of 25,319.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Wells Fargo's big money trades within a strike price range of $35.0 to $55.0 over the last 30 days.

Wells Fargo Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

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.

Wells Fargo's Current Market Status

• Currently trading with a volume of 2,652,002, the WFC's price is down by -0.31%, now at $47.91.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 60 days.

What Analysts Are Saying About Wells Fargo

In the last month, 4 experts released ratings on this stock with an average target price of $54.95.

• An analyst from Piper Sandler has decided to maintain their Neutral rating on Wells Fargo, which currently sits at a price target of $50.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Wells Fargo, which currently sits at a price target of $63.
• An analyst from Odeon Capital downgraded its action to Hold with a price target of $48.
• An analyst from Raymond James persists with their Strong Buy rating on Wells Fargo, maintaining a target price of $58.

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.