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The Market Action App detected BEARISH unusual option activity for Wells Fargo & Company Ticker: WFC

Thursday, 11.18.2021

150 contracts traded for WFC $50 strike calls for expiration 01/20/23 with open interest of (65,967) when the shares were trading at 49.61.

WFC $50 strike calls for 01/20/23 expiration

Option Flow Order Summary

  • Size: 150
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 89,250
  • Estimated Premium Value: $89K
  • Volume: 4,161
  • Open Interest: 65,967
  • Contract Close Price: 49.84
  • Stock Price at Trade: 49.61
  • Market Action Score: 66.67% Bullish

Stock Technical Information

  • Stock Levels: Last Close: 49.84 , Points Change: 0.21, % Change: ⬇️ -0.42%
  • Today’s Volume: 2.73M (10 Days average: 19.75M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 50.84
    • Resistance 1: 50.51
    • Pivot Point: 50.02
    • Support 1: 49.35
    • Support 2: 49.11
  • Stock is below 10 SMA: 50.50
  • Stock is below 20 SMA: 50.64
  • Stock is above 50 SMA: 48.36
  • Stock is above 100 SMA: 47.15
  • 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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