The Wells Fargo Options Rush: What You Need to Know – Wells Fargo (NYSE:WFC)

Whales with plenty of money to spend have taken a strikingly optimistic stance Wells Fargo.

A look at Wells Fargo’s options history WFC We identified 20 trades.

Looking at the specifics of individual trading operations, it is fair to say that 55% of investors opened trades with optimistic expectations and 40% with pessimistic ones.

Of the total transactions made, 7 are puts for a total amount of $936,666 and 13 are calls for a total amount of $518,860.

Projected price targets

After evaluating trading volumes and open interest, it is evident that the key market drivers are focused on a price range between $40.0 and $62.5 for Wells Fargo, which covers the last three months.

Volume and open interest trends

Evaluating volume and open interest is a strategic move in options trading. These metrics provide insight into the liquidity and investor interest in Wells Fargo’s options at specified strike prices. The upcoming data visualizes the fluctuations in volume and open interest for both calls and puts associated with Wells Fargo’s large trades within a strike price range of $40.0 to $62.5 over the past 30 days.

Wells Fargo Options Activity Analysis: Last 30 Days

Significant options trades identified:

About Wells Fargo

Wells Fargo is one of the largest banks in the United States, with total assets of approximately $1.9 trillion. The company has four main segments: retail banking, commercial banking, commercial and investment banking, and wealth and asset management. It focuses almost exclusively on the United States.

After a thorough review of the options trading surrounding Wells Fargo, we now examine the company in more detail, including an assessment of its current market status and performance.

Current market position of Wells Fargo

• The trading volume is 4,248,778, with WFC price up 2.3% to trade at $54.9.
• RSI indicators show that the stock is currently neutral between overbought and oversold.
• Earnings announcement is expected in 57 days.

What analysts say about Wells Fargo

1 market expert recently provided ratings for this stock, with a consensus price target of $68.0.

• A Morgan Stanley analyst has decided to maintain his “overweight” rating on Wells Fargo, which currently stands at a price target of $68.

Options are a riskier asset than pure stock trading, but have greater profit potential. Serious options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and closely monitoring the markets.

If you want to stay up to date with the latest options trades for Wells Fargo, you can get real-time options trade alerts from Benzinga Pro.