Wells Fargo Shares Down, Mixed Options Sentiment
Mixed options sentiment in Wells Fargo (WFC), with shares down $1.16 near $79.11. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.93. Implied volatility (IV30) is higher by 1.3 points near 39.81, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.98. 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.
