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 25 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 56% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $523,515 and 15, calls, for a total amount of $1,785,611.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $70.0 for Wells Fargo, spanning the last three months.
Insights into 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 $35.0 to $70.0 over the preceding 30 days.
Wells Fargo Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WFC | CALL | TRADE | BEARISH | 01/17/25 | $50.00 | $426.4K | 16.7K | 400 |
| WFC | CALL | TRADE | NEUTRAL | 01/17/25 | $35.00 | $231.5K | 2.9K | 100 |
| WFC | CALL | TRADE | BEARISH | 01/17/25 | $50.00 | $226.8K | 16.7K | 1.0K |
| WFC | CALL | SWEEP | BULLISH | 01/17/25 | $70.00 | $218.3K | 6.2K | 1.0K |
| WFC | CALL | TRADE | NEUTRAL | 06/21/24 | $42.50 | $152.5K | 4.2K | 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.
Following our analysis of the options activities associated with Wells Fargo, we pivot to a closer look at the company's own performance.
Wells Fargo's Current Market Status
- Trading volume stands at 8,793,862, with WFC's price up by 0.18%, positioned at $57.19.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 31 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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