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 19 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, 10 are puts, for a total amount of $372,292 and 9, calls, for a total amount of $445,461.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.5 to $47.5 for Wells Fargo over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Wells Fargo options trades today is 13128.17 with a total volume of 15,353.00.
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 $32.5 to $47.5 over 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 | SWEEP | BULLISH | 01/19/24 | $32.50 | $105.0K | 3.7K | 0 |
| WFC | CALL | SWEEP | BULLISH | 01/19/24 | $45.00 | $83.1K | 62.3K | 1.9K |
| WFC | PUT | SWEEP | BULLISH | 04/19/24 | $42.50 | $45.6K | 3.0K | 0 |
| WFC | PUT | SWEEP | BULLISH | 04/19/24 | $42.50 | $44.9K | 3.0K | 1.4K |
| WFC | CALL | TRADE | BEARISH | 04/19/24 | $42.50 | $43.5K | 2.3K | 1.1K |
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
Wells Fargo's Current Market Status
- Currently trading with a volume of 5,229,228, the WFC's price is up by 0.81%, now at $42.88.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 56 days.
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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