Moderately bullish activity in Wells Fargo (WFC), with shares up 94c, or 1.08%, near $87.89. Options volume relatively light with 32k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 0.4 points near 23.53,in the bottom quartile of the past year, suggesting an expected daily move of $1.30. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Lockheed Martin, PG&E, Salesforce, Wells Fargo announce launch of Emberpoint
- Mixed options sentiment in Wells Fargo with shares down 1.58%
- Wells Fargo Wins Preliminary Approval of Derivative Settlement
- Wells Fargo files mixed securities shelf, no amount given
- Mixed options sentiment in Wells Fargo with shares down 0.62%