Investors with a lot of money to spend have taken a bullish stance on Wells Fargo WFC.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Wells Fargo.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 40%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $1,778,280, and 7 are calls, for a total amount of $756,431.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $67.5 for Wells Fargo over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Wells Fargo options trades today is 9203.2 with a total volume of 5,750.00.
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 $27.5 to $67.5 over the last 30 days.
Wells Fargo 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WFC | PUT | TRADE | BULLISH | 01/17/25 | $9.55 | $9.4 | $9.46 | $67.50 | $1.7M | 58 | 1.8K |
| WFC | CALL | TRADE | BEARISH | 01/17/25 | $20.95 | $20.7 | $20.75 | $40.00 | $207.5K | 20.1K | 300 |
| WFC | CALL | TRADE | BULLISH | 01/17/25 | $16.6 | $16.45 | $16.55 | $45.00 | $165.5K | 17.9K | 100 |
| WFC | CALL | SWEEP | BEARISH | 06/20/25 | $12.5 | $10.15 | $10.15 | $55.00 | $153.2K | 1.0K | 152 |
| WFC | CALL | TRADE | NEUTRAL | 06/21/24 | $0.91 | $0.89 | $0.9 | $62.50 | $90.0K | 28.7K | 2.5K |
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.
Wells Fargo's Current Market Status
- With a volume of 8,304,573, the price of WFC is down -0.18% at $59.69.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 73 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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