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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $314,950 and 4, calls, for a total amount of $536,005.
Expected Price Movements
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 $62.5 for Wells Fargo, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Wells Fargo's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Wells Fargo's whale activity within a strike price range from $35.0 to $62.5 in 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 | $35.00 | $236.5K | 2.9K | 0 |
| WFC | CALL | TRADE | BULLISH | 01/17/25 | $35.00 | $235.5K | 2.9K | 200 |
| WFC | PUT | TRADE | BEARISH | 06/21/24 | $55.00 | $97.2K | 2.7K | 65 |
| WFC | PUT | SWEEP | BULLISH | 06/21/24 | $62.50 | $67.2K | 409 | 198 |
| WFC | PUT | SWEEP | BEARISH | 06/21/24 | $62.50 | $40.2K | 409 | 268 |
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.
Having examined the options trading patterns of Wells Fargo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Wells Fargo
- Currently trading with a volume of 5,703,656, the WFC's price is down by -0.39%, now at $57.55.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 24 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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