WFC News & Events

Mixed options sentiment in Wells Fargo (WFC), with shares up 94c, or 1.16%, near $81.22. Options volume roughly in line with average with 53k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.79. Implied volatility (IV30) dropped 1.05 near 28.39,and above the 52wk median, suggesting an expected daily move of $1.45. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at KGI Securities.

Wells Fargo (WFC) announced that Wyndham Rewards (WH) has joined the company's Rewards Points Transfer program. Wells Fargo credit cardholders can link their Wyndham Rewards account to eligible Wells Fargo credit cards and transfer points at a 1:2 transfer ratio. Designed to deliver strong value, the 1:2 transfer ratio enables cardholders to seamlessly turn their rewards into stays sooner. There is no minimum balance required and no waiting period to redeem.