Mixed options sentiment in Wells Fargo (WFC), with shares down 68c near $81.66. Options volume roughly in line with average with 72k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.87. Implied volatility (IV30) dropped 0.93 near 28.68,and above the 52wk median, suggesting an expected daily move of $1.48. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Market Perform at Raymond James.Looking ahead: Wells Fargo (WFC) will report earnings before the open on 2025-07-15.Option markets are pricing in a 50% probability of a move greater than 4.52% or $3.69.
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Read More on WFC:
- Wells Fargo price target raised to $79 from $71 at HSBC
- Wells Fargo Stock (WFC) Is Downgraded After Hitting All-Time High
- Bearish options flow identified in Wells Fargo with shares down 2.35%
- Wells Fargo put volume heavy and directionally bearish
- Wells Fargo downgraded to Market Perform from Strong Buy at Raymond James