Wells Fargo Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Wells Fargo (NYSE:WFC) has seen significant options activity, with a bearish sentiment prevailing among traders. Analysis of 16 unusual trades revealed 31% bullish and 68% bearish tendencies. The largest trades were calls, with a notable volume and open interest in the $40.0 to $60.0 strike price range. The current market status shows WFC's price down by -1.24% at $57.13, with an upcoming earnings announcement in 21 days. This activity suggests traders are preparing for potential price movements within the predicted range.
March 22, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo has experienced unusual options activity indicating a bearish sentiment among traders, with a significant focus on the $40.0 to $60.0 strike price range. The stock is currently down by -1.24% at $57.13, with earnings expected in 21 days.
The bearish sentiment in options trading, combined with the current downtrend in WFC's stock price and the anticipation of earnings announcement, suggests a negative short-term impact. The focus on the $40.0 to $60.0 strike price range indicates expectations of volatility or a potential price drop.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100