Investors with a lot of money to spend have taken a bullish stance on Wells Fargo (NYSE:WFC).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WFC, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Wells Fargo.

This isn't normal.

The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $154,858, and 6 are calls, for a total amount of $380,929.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $60.0 for Wells Fargo over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Wells Fargo options trades today is 4598.38 with a total volume of 1,107.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Wells Fargo's big money trades within a strike price range of $42.5 to $60.0 over the last 30 days.

Wells Fargo 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Wells Fargo

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

Having examined the options trading patterns of Wells Fargo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Wells Fargo Standing Right Now?

• Currently trading with a volume of 6,705,024, the WFC's price is up by 0.37%, now at $60.41.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 66 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Wells Fargo with Benzinga Pro for real-time alerts.