Wells Fargo & Company (NYSE:WFC) – This Is What Whales Are Betting On Wells Fargo


Someone with a lot of money to spend has taken a bullish stance on Wells Fargo (NYSE:WFC).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with WFC, it often means somebody knows something is about to happen.

Today, Benzinga’s options scanner spotted 11 options trades for Wells Fargo.

This isn’t normal.

The overall sentiment of these big-money traders is split between 72% bullish and 27%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $34,000, and 10, calls, for a total amount of $2,403,678..

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $52.5 for Wells Fargo over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Wells Fargo options trades today is 28899.83 with a total volume of 11,554.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Wells Fargo’s big money trades within a strike price range of $25.0 to $52.5 over the last 30 days.

Wells Fargo Option Volume And Open Interest Over Last 30 Days

Options Call Chart


Biggest Options Spotted:

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
WFCCALLSWEEPBULLISH01/20/23$50.00$805.0K72.3K1.5K
WFCCALLSWEEPBULLISH01/20/23$50.00$555.7K72.3K2.2K
WFCCALLSWEEPBULLISH01/20/23$50.00$400.0K72.3K3.2K
WFCCALLTRADEBEARISH01/21/22$25.00$284.5K12.2K100
WFCCALLTRADEBULLISH01/21/22$45.00$84.4K36.1K452

Where Is Wells Fargo Standing Right Now?

  • With a volume of 2,782,947, the price of WFC is up 1.82% at $53.24.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 8 days.

What The Experts Say On Wells Fargo:

  • JP Morgan has decided to maintain their Neutral rating on Wells Fargo, which currently sits at a price target of $57.
  • Barclays upgraded its action to Overweight with a price target of $62
  • Raymond James has decided to maintain their Outperform rating on Wells Fargo, which currently sits at a price target of $58.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.




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