Wells Fargo

Unusual Options Activity: Did You Follow These 3 Smart Money Trades?

Unusual Options Activity: Did You Follow These 3 Smart Money Trades?

Last Monday in True Options Masters, I pointed out a few unusually large bets on three banking stocks — Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Bank of America (NYSE: BAC). Traders took advantage of last week’s broad market dip to bet on a quick rebound in...
Unusual Options Activity: An All-In, $2 Million Bet on a Bank Stock Rebound

Unusual Options Activity: An All-In, $2 Million Bet on a Bank Stock Rebound

Last Thursday, we saw traditional bank stocks take a hit, falling 4-6% on the day. Sometimes investors see these sharp drops and start panic selling. This is what is known as a “shakeout” on Wall Street, where they shake out the weak hands in the market. But, to...