Wells Fargo put volume heavy and directionally bearish
The Fly

Wells Fargo put volume heavy and directionally bearish

Bearish flow noted in Wells Fargo with 30,224 puts trading, or 2x expected. Most active are Mar-24 47.5 puts and Feb-24 50 calls, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 1.80, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 12th.

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