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 26 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $453,046 and 19, calls, for a total amount of $1,184,099.
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 $40.0 and $80.0 for Wells Fargo, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Wells Fargo stands at 3752.86, with a total volume reaching 15,130.00. 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 $40.0 to $80.0, throughout the last 30 days.
Wells Fargo 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WFC | CALL | TRADE | BULLISH | 02/21/25 | $3.05 | $2.98 | $3.04 | $72.50 | $304.0K | 2.1K | 1.2K |
| WFC | CALL | TRADE | BEARISH | 01/16/26 | $12.2 | $12.1 | $12.1 | $67.50 | $130.6K | 2.4K | 108 |
| WFC | PUT | SWEEP | BULLISH | 01/17/25 | $2.31 | $2.3 | $2.3 | $73.00 | $99.3K | 77 | 469 |
| WFC | PUT | SWEEP | BULLISH | 06/20/25 | $1.36 | $1.32 | $1.32 | $60.00 | $92.9K | 1.4K | 920 |
| WFC | PUT | SWEEP | BULLISH | 01/17/25 | $1.98 | $1.87 | $1.98 | $72.50 | $84.5K | 5.0K | 500 |
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.
In light of the recent options history for Wells Fargo, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Wells Fargo
- With a volume of 7,518,106, the price of WFC is up 0.09% at $72.09.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 8 days.
Professional Analyst Ratings for Wells Fargo
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $85.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Wells Fargo with a target price of $85. * Maintaining their stance, an analyst from Compass Point continues to hold a Neutral rating for Wells Fargo, targeting a price of $83. * Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $82. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Wells Fargo with a target price of $90.
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.
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