Wells Fargo and Company (WFC)

[ChannelTrader]

Large options block in Wells Fargo as shares face selling pressure (TheFlyOnTheWall)
FLY ON THE WALL 11:50 AM ET 9/21/2016
Symbol Last Price Change
WFC 45.66down -0.9 (-1.93%)
QUOTES AS OF 11:50:13 AM ET 09/21/2016
Large options block in Wells Fargo(WFC) as shares face selling pressure. The stock is down $1 to $45.56 after JP Morgan downgraded shares to Neutral. On the options front, recent trades include a 25K block of Oct 40 puts, bought for 17c per contract. 29K traded total and the flow is opening positions struck 12% below spot with a 10% probability expiring ITM. October options capture earnings 10/14.