15193 WFC Oct 46 calls and Nov 48 calls 2 blocks on the PHLX.?
Shares of Wells Fargo Co (WFC) are down .53 to 43.75 today.? WFC is in the middle of the 52 week range.
- Paper traded 15193 WFC Oct 46 calls and Nov 48 calls for .14 over .18.?
- The ADV is 32788.
- The OI is 14188 and 21010.
The volume 2 blocks on the PHLX.? This trade looks a way to back into the Nov 48 calls collecting a small debit to sell the forward Oct calls. The Oct OI is not quite enough for the trade size so it looks opening in Oct.?? The customer could be closing a short Nov but giving up .04 to do it closer to the money.
- IV 30 is trading for 24%.?
- HV10 is trading for 20%.?
- IV 30 is above the HV 10.
Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance