Mixed options sentiment in Wells Fargo (WFC), with shares up 28c, or 0.34%, near $80.92. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.9. Implied volatility (IV30) dropped 0.0 near 21.13,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.08. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Accumulate at Phillip Securities.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Wells Fargo downgraded to Accumulate from Buy at Phillip Securities
- Wells Fargo halts all travel to China after employee exit ban, Reuters reports
- Wells Fargo halts all travel China after employee exit ban, Reuters reports
- Wells Fargo upgraded to Buy from Hold at DBS Bank
- BAC Earnings: Bank of America Stock Pops Despite Mixed Q2 Results