Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

This Is What Whales Are Betting On Wells Fargo

Author: Benzinga Insights | June 25, 2024 02:16pm

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

Looking at options history for Wells Fargo (NYSE:WFC) we detected 17 trades.

If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $311,740 and 14, calls, for a total amount of $694,617.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $67.5 for Wells Fargo during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $45.0 to $67.5 in the last 30 days.

Wells Fargo Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
WFC PUT TRADE BEARISH 01/17/25 $3.5 $3.45 $3.5 $57.50 $175.0K 4.9K 0
WFC PUT SWEEP BULLISH 06/20/25 $3.6 $3.6 $3.6 $55.00 $102.2K 1.8K 0
WFC CALL TRADE BEARISH 01/17/25 $15.0 $14.95 $14.95 $45.00 $74.7K 17.0K 0
WFC CALL SWEEP BULLISH 01/17/25 $9.0 $8.9 $9.0 $52.50 $73.8K 13.3K 2
WFC CALL SWEEP BULLISH 10/18/24 $4.05 $4.05 $4.05 $57.50 $67.0K 1.1K 71

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.

Present Market Standing of Wells Fargo

  • Trading volume stands at 4,671,708, with WFC's price down by -0.54%, positioned at $58.69.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 17 days.

Professional Analyst Ratings for Wells Fargo

1 market experts have recently issued ratings for this stock, with a consensus target price of $70.0.

  • Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Wells Fargo with a target price of $70.

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.

Posted In: WFC