Mixed options sentiment in Wells Fargo with shares down 4.72%

Mixed options sentiment in Wells Fargo (WFC), with shares down $4.09 near $82.55. Options volume extremely heavy with 64k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.84. Implied volatility (IV30) dropped 4.32 near 28.2,and above the 52wk median, suggesting an expected daily move of $1.47. Put-call skew flattened, suggesting a modestly bullish tone.The company announced earnings before the open on 2026-04-14with option markets having priced in a move of approximately 4.81%.