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 22 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $352,454 and 15, calls, for a total amount of $2,035,449.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $67.5 and $95.0 for Wells Fargo, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Wells Fargo stands at 3054.76, with a total volume reaching 13,166.00. 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 $67.5 to $95.0, throughout the last 30 days.
Wells Fargo Call and Put Volume: 30-Day Overview
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 | BULLISH | 01/24/25 | $2.93 | $2.85 | $2.93 | $72.00 | $1.3M | 80 | 4.7K |
| WFC | CALL | TRADE | BEARISH | 01/16/26 | $12.55 | $11.4 | $11.55 | $67.50 | $144.3K | 2.2K | 125 |
| WFC | PUT | SWEEP | BULLISH | 04/17/25 | $7.55 | $7.35 | $7.35 | $77.50 | $84.5K | 262 | 116 |
| WFC | CALL | SWEEP | BEARISH | 03/21/25 | $3.05 | $3.0 | $3.0 | $75.00 | $60.0K | 15.3K | 348 |
| WFC | CALL | SWEEP | BULLISH | 01/17/25 | $3.4 | $3.35 | $3.35 | $71.00 | $57.3K | 1.1K | 247 |
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.
Where Is Wells Fargo Standing Right Now?
- With a volume of 5,735,066, the price of WFC is up 2.15% at $72.84.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 9 days.
Expert Opinions on Wells Fargo
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $84.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Wells Fargo, targeting a price of $85. * An analyst from Compass Point persists with their Neutral rating on Wells Fargo, maintaining a target price of $83.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wells Fargo options trades with real-time alerts from Benzinga Pro.