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High-rolling investors have positioned themselves bullish on Wells Fargo (NYSE:WFC), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in WFC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Wells Fargo. This is not a typical pattern.
The sentiment among these major traders is split, with 54% bullish and 45% bearish. Among all the options we identified, there was one put, amounting to $47,595, and 10 calls, totaling $979,495.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $66.0 for Wells Fargo, spanning the last three months.
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 $37.5 to $66.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
WFC | CALL | TRADE | BULLISH | 01/17/25 | $21.3 | $21.15 | $21.3 | $37.50 | $213.0K | 7.2K | 100 |
WFC | CALL | SWEEP | BULLISH | 01/17/25 | $3.0 | $2.99 | $3.0 | $65.00 | $208.2K | 12.5K | 912 |
WFC | CALL | TRADE | BULLISH | 09/20/24 | $15.8 | $15.65 | $15.8 | $42.50 | $158.0K | 2.3K | 0 |
WFC | CALL | TRADE | BULLISH | 06/21/24 | $12.8 | $12.75 | $12.8 | $45.00 | $128.0K | 12.4K | 0 |
WFC | CALL | SWEEP | BEARISH | 01/16/26 | $13.5 | $13.4 | $13.4 | $50.00 | $69.6K | 3.7K | 0 |
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.
5 market experts have recently issued ratings for this stock, with a consensus target price of $65.0.
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.
Posted In: WFC