Bearish flow noted in Wells Fargo with 8,102 puts trading, or 1.0x expected. Most active are 2/23 weekly 46.5 puts and Nov-24 30 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 1 point on the day. Earnings are expected on April 12th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WFC:
- Opening Day: Chromocell Therapeutics, Unusual Machines make public debut
- Wells Fargo Stock (NYSE:WFC) Jumps as Legal Troubles Ease
- Viking Cruises weighing IPO of $500M or more, Bloomberg reports
- Wells Fargo 5% move up on OCC news ‘seems a bit strong,’ says Citi
- OCC lifting Wells Fargo consent order paves way for Fed to do same, says RBC