Wells Fargo Unusual Options Activity For July 24
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Wells Fargo (NYSE:WFC), with a bearish stance being taken by a whale investor. Of the 29 strange trades detected, 48% were bullish and 51% were bearish. The total amount for puts was $699,057 and for calls was $1,116,964. The targeted price range for Wells Fargo over the last 3 months has been from $35.0 to $52.5. The current price of WFC is up 1.68% at $46.73.
July 24, 2023 | 4:30 pm
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Unusual options activity has been detected for Wells Fargo, with a bearish stance being taken by a whale investor. The targeted price range for Wells Fargo over the last 3 months has been from $35.0 to $52.5.
The bearish stance taken by a whale investor indicates a potential downward pressure on the stock price. The unusual options activity, especially the high volume of puts, suggests that these investors are expecting the stock price to decrease in the short term. This could potentially lead to a decrease in the stock price.
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