14904 WFC Jul 52.5/Aug 50 calls went up in 2 blocks on the PHLX
Shares of Wells Fargo & Co.? (WFC) are down .33 to 46.46 today.? WFC is in the middle of the 52 week range.
- Paper traded 14904 WFC Jul 52.5/Aug 50 calls for .05/.43. ??
- The ADV is 33k contracts. ?
- Open interest is 39729/3149 contracts.
The volume went up in 2 blocks on the PHLX marked spread.? No stock printed with this trade and it would appear to be a buy writer rolling down to a closer to the money strike to generate more premium. They are shooting for 1% or so as priced without any price appreciation.
- IV 30 is trading for 26%.?
- HV10 is trading for 15%.?
- 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.