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 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $227,384, and 10 were calls, valued at $794,605.
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 $40.0 to $60.0 for Wells Fargo during the past quarter.
Volume & Open Interest Trends
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 $40.0 to $60.0 in the last 30 days.
Wells Fargo Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WFC | CALL | SWEEP | BEARISH | 01/16/26 | $60.00 | $192.5K | 5.1K | 250 |
| WFC | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $111.7K | 12.0K | 250 |
| WFC | CALL | SWEEP | BEARISH | 04/19/24 | $58.00 | $96.4K | 1.0K | 435 |
| WFC | CALL | TRADE | BULLISH | 03/22/24 | $57.00 | $93.8K | 4.8K | 651 |
| WFC | CALL | SWEEP | BULLISH | 01/17/25 | $57.50 | $93.0K | 9.9K | 400 |
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
- Trading volume stands at 13,707,837, with WFC's price down by -1.24%, positioned at $57.13.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 21 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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