Wells Fargo Unusual Options Activity For May 30
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Wells Fargo (NYSE:WFC) with 66% of detected unusual options trades being bearish. Whales have been targeting a price range of $30.0 to $47.5 for Wells Fargo over the last 3 months.
May 30, 2023 | 8:03 pm
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A whale has taken a bearish stance on Wells Fargo with 66% of detected unusual options trades being bearish, targeting a price range of $30.0 to $47.5.
The article reports that a whale has taken a noticeably bearish stance on Wells Fargo, with 66% of the detected unusual options trades being bearish. This indicates that the whale expects the stock price to go down in the short term. The targeted price range of $30.0 to $47.5 also suggests that the whale is expecting a significant price movement. This bearish sentiment could have a negative impact on the stock price in the short term.
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