Whales with a lot of money to spend have taken a noticeably bearish stance on Wells Fargo.
Looking at options history for Wells Fargo (NYSE:WFC) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $177,869 and 6, calls, for a total amount of $676,570.
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 $62.5 for Wells Fargo over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Wells Fargo stands at 7123.14, with a total volume reaching 3,604.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wells Fargo, situated within the strike price corridor from $40.0 to $62.5, throughout the last 30 days.
Wells Fargo Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WFC | CALL | TRADE | BEARISH | 01/17/25 | $21.25 | $19.0 | $19.2 | $40.00 | $192.0K | 19.4K | 0 |
| WFC | CALL | TRADE | BEARISH | 01/17/25 | $21.25 | $18.6 | $19.0 | $40.00 | $190.0K | 19.4K | 0 |
| WFC | CALL | SWEEP | BULLISH | 11/15/24 | $9.65 | $9.55 | $9.65 | $50.00 | $115.8K | 1.8K | 0 |
| WFC | CALL | SWEEP | NEUTRAL | 06/21/24 | $0.78 | $0.75 | $0.76 | $58.00 | $106.1K | 3.3K | 899 |
| WFC | PUT | SWEEP | BEARISH | 09/20/24 | $5.55 | $5.35 | $5.47 | $62.50 | $55.3K | 1.5K | 92 |
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
- With a trading volume of 4,407,631, the price of WFC is up by 1.08%, reaching $57.74.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 30 days from now.
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.