Investors with a lot of money to spend have taken a bearish stance on Wells Fargo WFC.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WFC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Wells Fargo.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $189,000, and 13, calls, for a total amount of $3,549,395.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $65.0 for Wells Fargo over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Wells Fargo stands at 4415.58, with a total volume reaching 3,758.00. 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 $45.0 to $65.0, throughout the last 30 days.
Wells Fargo Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WFC | CALL | TRADE | BULLISH | 01/17/25 | $45.00 | $2.9M | 17.4K | 0 |
| WFC | PUT | TRADE | NEUTRAL | 06/21/24 | $55.00 | $189.0K | 2.1K | 1.0K |
| WFC | CALL | SWEEP | BULLISH | 03/15/24 | $57.00 | $89.3K | 3.1K | 1.4K |
| WFC | CALL | TRADE | NEUTRAL | 03/08/24 | $50.00 | $77.7K | 366 | 110 |
| WFC | CALL | TRADE | BULLISH | 03/08/24 | $50.00 | $74.8K | 366 | 100 |
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.
Present Market Standing of Wells Fargo
- With a trading volume of 5,569,732, the price of WFC is up by 0.28%, reaching $57.16.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 35 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wells Fargo options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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