Wells Fargo put volume heavy and directionally bearish (TheFlyOnTheWall)
THE FLY 12:55 PM ET 11/7/2017
Symbol Last Price Change
WFC 55.165up -1.015 (-1.81%)
QUOTES AS OF 01:21:00 PM ET 11/07/2017
Bearish flow noted in Wells Fargo(WFC) with 15,415 puts trading, or 1.1x expected. Most active are Jan-18 52.5 puts and Jan-18 47.5 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 1 point on the day. Earnings are expected on January 12th.