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Deep-pocketed investors have adopted a bullish approach towards Wells Fargo (NYSE:WFC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WFC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Wells Fargo. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 47% bearish. Among these notable options, 11 are puts, totaling $588,097, and 8 are calls, amounting to $419,431.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $60.0 for Wells Fargo over the recent three months.
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 $60.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
WFC | PUT | SWEEP | BULLISH | 10/18/24 | $2.82 | $2.78 | $2.78 | $52.50 | $111.2K | 8.9K | 414 |
WFC | CALL | SWEEP | BULLISH | 10/18/24 | $1.96 | $1.92 | $1.96 | $55.00 | $78.3K | 1.2K | 513 |
WFC | PUT | SWEEP | BEARISH | 01/17/25 | $3.1 | $3.0 | $3.1 | $50.00 | $70.3K | 13.9K | 227 |
WFC | CALL | SWEEP | BEARISH | 12/20/24 | $9.35 | $9.3 | $9.35 | $45.00 | $69.2K | 234 | 75 |
WFC | PUT | SWEEP | BULLISH | 09/20/24 | $2.29 | $2.26 | $2.26 | $52.50 | $67.7K | 12.8K | 759 |
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.
Having examined the options trading patterns of Wells Fargo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $63.75.
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