Financial giants have made a conspicuous bearish move on Wells Fargo. Our analysis of options history for Wells Fargo WFC revealed 16 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 14 were puts, with a value of $526,779, and 2 were calls, valued at $121,226.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $45.0 for Wells Fargo, spanning the last three months.
Insights into Volume & Open Interest
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 $37.5 to $45.0 in the last 30 days.
Wells Fargo Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WFC | CALL | SWEEP | BEARISH | 01/17/25 | $37.50 | $95.6K | 6.9K | 112 |
| WFC | PUT | SWEEP | BULLISH | 02/16/24 | $45.00 | $49.3K | 1.1K | 768 |
| WFC | PUT | TRADE | BEARISH | 03/15/24 | $45.00 | $48.7K | 3.0K | 150 |
| WFC | PUT | SWEEP | BULLISH | 03/15/24 | $45.00 | $46.5K | 3.0K | 150 |
| WFC | PUT | SWEEP | BULLISH | 02/16/24 | $45.00 | $45.4K | 1.1K | 598 |
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
- With a volume of 588,937, the price of WFC is up 0.55% at $43.02.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 49 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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