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Market Action App Alert, BULLISH unusual option activity for Wells Fargo & Company Ticker: WFC

Tuesday, 12.07.2021

6282 contracts traded for WFC $55 strike calls for expiration 04/14/22 with open interest of (2,580) when the shares were trading at 49.585.

WFC $55 strike calls for 04/14/22 expiration

Option Flow Order Summary

  • Size: 6282
  • Sentiment: BULLISH
  • Estimated Cost Per Contract: 1,270,848.60
  • Estimated Premium Value: $1.3M
  • Volume: 6,376
  • Open Interest: 2,580
  • Contract Close Price: 48.81
  • Stock Price at Trade: 49.585
  • Market Action Score: 60.00% Bearish

Why is this an Unusual Option Activity?

  • The Trade Volume is above Open Interest of (2,580).
  • The estimated premium paid is higher than usual trades for this stock or option.
  • The order flow was detected as a sweep.

Stock Technical Information

  • Stock Levels: Last Close: 48.81 , Points Change: +0.85, % Change: ⬆️ 1.74%
  • Today’s Volume: 2.15M (10 Days average: 29.31M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 49.95
    • Resistance 1: 49.57
    • Pivot Point: 49.14
    • Support 1: 48.38
    • Support 2: 48.17
  • Stock is below 10 SMA: 49.11
  • Stock is below 20 SMA: 49.69
  • Stock is below 50 SMA: 49.11
  • Stock is above 100 SMA: 47.78
  • 52 Week High: 53

Stock chart for WFC (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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