Wells Fargo Unusual Options Activity For September 06
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Wells Fargo (NYSE:WFC), with a majority of investors taking a bearish stance. Of the 13 strange trades detected, 69% were bearish and 30% bullish. The total amount for puts was $1,123,527 and for calls, $595,040. Whales have been targeting a price range from $35.0 to $52.5 for Wells Fargo over the last 3 months. The current price of WFC is down -2.15% at $40.65.
September 06, 2023 | 4:47 pm
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Unusual options activity has been detected for Wells Fargo, with a majority of investors taking a bearish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a majority of investors, indicates a potential downward pressure on Wells Fargo's stock price in the short term. This is further supported by the current price of WFC being down -2.15%.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100