Mixed options sentiment in Wells Fargo with shares up 1.45%

Mixed options sentiment in Wells Fargo (WFC), with shares up $1.17, or 1.45%, near $81.77. Options volume relatively light with 6365 contracts traded and calls leading puts for a put/call ratio of 0.81, compared to a typical level near 0.86. Implied volatility (IV30) dropped 0.57 near 37.01,in the top quartile of the past year, suggesting an expected daily move of $1.91. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at HSBC.Looking ahead: Wells Fargo (WFC) will report earnings before the open on 2026-04-14.Option markets are pricing in a 50% probability of a move greater than 4.64% or $3.79.