Investors with lots of money to spend have adopted a pessimistic attitude Wells Fargo WFC.

And retailers should know that.

We noticed this today when the positions appeared in the publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something big like this happens with WFC, it often means that someone knows something is going to happen.

Today, Benzinga’s Options Scanner discovered 8 options trades for Wells Fargo.

This is not normal.

The general sentiment among these high-dollar traders is split between 37% optimistic and 50% pessimistic.

Of all the options we discovered, there was 1 put, for a total amount of $26,775, and 7 calls, for a total amount of $276,497.

Expected price movements

Based on the trading activity, it seems that major investors are targeting a price range of $40.00 to $56.00 for Wells Fargo over the past three months.

Volume and open interest trends

Looking at volume and open positions can be a useful way to perform due diligence on a stock.

This data allows you to track the liquidity and interest in Wells Fargo options at a given strike price.

Below we can see the volume and open positions of calls and puts respectively for all Wells Fargo whale activity within a strike price range of $40.00 to $56.00 over the past 30 days.

Wells Fargo Call and Put Volume: 30-Day Overview

Largest Observed Option Trades:

About Wells Fargo

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

After examining Wells Fargo’s options trading patterns, our attention now turns directly to the company. This shift allows us to take a deeper look at its current market position and performance

Wells Fargo’s Current Market Status

• Currently, WFC shares are trading at a volume of 2,725,452. The price has dropped by -0.06% to $54.48.
• RSI values ​​indicate that the stock is currently neutral, between overbought and oversold.
• Earnings figures are expected to be announced in 23 days.

What the Experts Say About Wells Fargo

Over the past month, 3 industry analysts have shared their insights on this stock and suggested an average price target of $65.00.

• A Goldman Sachs analyst remains consistent in his assessment and maintains a buy rating on Wells Fargo with a price target of $65.
• An analyst at Evercore ISI Group decided to maintain an Outperform rating on Wells Fargo. The price target currently stands at $65.
• A Deutsche Bank analyst has upgraded his rating to Buy and set a new price target of $65.

Options trading comes with increased risk and potential reward. Smart traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest Wells Fargo options trades with real-time alerts from Benzinga Pro.