Wells Fargo's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bearish stance on Wells Fargo WFC.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WFC, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 9 options trades for Wells Fargo.

This isn't normal.

The overall sentiment of these big-money traders is split between 11% bullish and 88%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $66,339, and 8, calls, for a total amount of $1,359,224.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $37.5 to $60.0 for Wells Fargo during the past quarter.

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 $60.0 in the last 30 days.

Wells Fargo Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Where Is Wells Fargo Standing Right Now?

• With a trading volume of 5,335,869, the price of WFC is down by -0.48%, reaching $49.4.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 16 days from now.

Expert Opinions on Wells Fargo

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $52.416.

• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Wells Fargo with a target price of $54.
• Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on Wells Fargo with a target price of $55.
• An analyst from Piper Sandler persists with their Neutral rating on Wells Fargo, maintaining a target price of $47.
• Showing optimism, an analyst from Odeon Capital upgrades its rating to Buy with a revised price target of $56.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Wells Fargo, targeting a price of $50.

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.