Wells Fargo (WFC) Offering Possible 27.55% Return Over the Next 8 Calendar Days

Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 27.55% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $42.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Wells Fargo is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Wells Fargo is bullish.

The RSI indicator is at 60.34 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Wells Fargo

Wells Fargo NeighborhoodLIFT Program Returns to Houston to Create 300 Homeowners
Tue, 05 Oct 2021 15:09:00 +0000
HOUSTON, October 05, 2021–Wells Fargo will bring the NeighborhoodLIFT® program to Houston to help more than 300 people get on a path to homeownership

Wells Fargo is pushing back its office return, but U.S. Bank, Huntington and others stand pat
Mon, 04 Oct 2021 21:23:43 +0000
Wells Fargo & Co. last week pushed its return-to-office plans back to Jan. 10, 2022 — but other banks with a large presence in the Twin Cities so far aren't following suit.

Wells Fargo (WFC) Unveils Reflect, 2nd in Visa Card Suite
Mon, 04 Oct 2021 17:47:05 +0000
Wells Fargo's (WFC) launch of the Reflect card will reward cardholders by extending the 0% introductory APR for 21 months on timely payments — a mammoth differentiator that consumers deserve.

Don't bank on fourth stimulus — these stocks offer income checks rising as fast as 11%
Mon, 04 Oct 2021 12:00:00 +0000
One-time payments are helpful. But these dividends could go grow forever.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution
Fri, 01 Oct 2021 22:06:00 +0000
SAN FRANCISCO, October 01, 2021–The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today’s distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website.

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