Shares of Wells Fargo & Company (NYSE: WFC) are higher on the session by 1.95%, trading at $32.34.

WFC's April $34 call is one of the most heavily traded options this morning, turning over 28,392 contracts within the first 30 minutes of trading. Open interest on the strike is 25,318 contracts; it is unclear if this was new positioning.

35,000 calls have traded on the name versus only 3,000 puts and a daily average put volume of roughly 32,000 contracts.

Wells Fargo & Company is a diversified financial services company. The company provides retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia.