Financial giants have made a conspicuous bearish move on Wells Fargo. Our analysis of options history for Wells Fargo (NYSE:WFC) revealed 19 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $456,360, and 11 were calls, valued at $547,641.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $60.0 for Wells Fargo over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Wells Fargo options trades today is 4258.85 with a total volume of 19,963.00.
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 $40.0 to $60.0 over the last 30 days.
Wells Fargo Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WFC | PUT | TRADE | NEUTRAL | 03/15/24 | $50.00 | $164.5K | 9.1K | 4.4K |
| WFC | CALL | TRADE | BULLISH | 06/21/24 | $40.00 | $126.0K | 2.5K | 100 |
| WFC | CALL | SWEEP | BULLISH | 02/23/24 | $51.00 | $60.8K | 4.4K | 1.4K |
| WFC | CALL | SWEEP | BULLISH | 02/23/24 | $51.00 | $60.0K | 4.4K | 1.0K |
| WFC | CALL | TRADE | BULLISH | 05/17/24 | $45.00 | $51.6K | 3.1K | 67 |
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.
After a thorough review of the options trading surrounding Wells Fargo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Wells Fargo Standing Right Now?
- With a trading volume of 9,149,138, the price of WFC is down by 0.0%, reaching $51.77.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 51 days from now.
What The Experts Say On Wells Fargo
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $63.0.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Wells Fargo, targeting a price of $63.
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.