Wells Fargo Unusual Options Activity For June 16

Whales with a lot of money to spend have taken a noticeably bearish stance on Wells Fargo.

Looking at options history for Wells Fargo WFC we detected 20 trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $232,550 and 15, calls, for a total amount of $2,561,239.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $82.5 for Wells Fargo over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Wells Fargo's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Wells Fargo's substantial trades, within a strike price spectrum from $40.0 to $82.5 over the preceding 30 days.

Wells Fargo 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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 US

Following our analysis of the options activities associated with Wells Fargo, we pivot to a closer look at the company's own performance.

Where Is Wells Fargo Standing Right Now?

• Trading volume stands at 4,532,408, with WFC's price up by 1.51%, positioned at $73.45.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 28 days.

What The Experts Say On Wells Fargo

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $87.2.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Wells Fargo, targeting a price of $90. * An analyst from Goldman Sachs persists with their Buy rating on Wells Fargo, maintaining a target price of $86. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Wells Fargo with a target price of $88. * An analyst from Morgan Stanley persists with their Overweight rating on Wells Fargo, maintaining a target price of $87. * An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $85.

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