Mixed options sentiment in Wells Fargo (WFC), with shares up $1.88, or 2.42%, near $79.47. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.78. Implied volatility (IV30) dropped 1.93 near 22.98,in the bottom quartile of the past year, suggesting an expected daily move of $1.15. Put-call skew steepened, indicating increased demand for downside protection.
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:
- OpenAI’s ChatGPT Chips Away at GOOGL’s Search Dominance, Says Wells Fargo
- Mixed options sentiment in Wells Fargo with shares down 0.25%
- Trump Weekly: Trump calls for Intel CEO resignation, raises India tariffs
- Trump directs Federal banking regulators to remove ‘reputational risk’ guidance
- Option traders moderately bearish in Wells Fargo with shares down 0.56%