Moderately bullish activity in Wells Fargo (WFC), with shares up $1.04, or 1.34%, near $79.16. Options volume roughly in line with average with 41k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.62. Implied volatility (IV30) is higher by 0.3 points near 28.82,and above the 52wk median, suggesting an expected daily move of $1.44. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Wells Fargo (WFC) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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