WFC (WFC) options memo

The Read

The Read is generated on demand from the live tape.

Key numbers

• Spot: $81.90
• Lean: neutral
• Nearest expiry: Fri 9/25
• Implied move: 1.6%
• ATM implied volatility: 30.7%
• Max pain: $86.00
• Pin strike: $84.00
• Dealer positioning: LONG GAMMA
• Call wall: $91.00
• Put wall: $84.00
• Put/call open interest: 1.722