What Are Whales Doing With Wells Fargo
Someone with a lot of money to spend has taken a bearish stance on Wells Fargo (NYSE: WFC ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with WFC, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 52 uncommon options trades for Wells Fargo. This isn''t normal. The overall sentiment of these big-money traders is split between 40% bullish and 59%, bearish. Out of all of the special options we uncovered, 33 are puts, for a total … Full story available on Benzinga.com
What Are Whales Doing With Wells Fargo
Someone with a lot of money to spend has taken a bearish stance on Wells Fargo (NYSE: WFC ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with WFC, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 52 uncommon options trades for Wells Fargo. This isn''t normal. The overall sentiment of these big-money traders is split between 40% bullish and 59%, bearish. Out of all of the special options we uncovered, 33 are puts, for a total … Full story available on Benzinga.com