Mixed options sentiment in Wells Fargo (WFC), with shares down 42c near $81.36. Options volume relatively light with 9051 contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.88. Implied volatility (IV30) dropped 0.42 near 22.04,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.13. Put-call skew flattened, suggesting a modestly bullish tone.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Wells Fargo price target raised to $94 from $91 at Evercore ISI
- Option traders moderately bearish in Wells Fargo with shares down 0.69%
- Wells Fargo raises common stock dividend to 45c from 40c per share
- Mixed options sentiment in Wells Fargo with shares down 1.51%
- Moderately bullish activity in Wells Fargo with shares up 2.66%