Apr. 23 at 2:33 AM
$WFC long-dated put — WFC at ~
$77 today.
+1,300 WFC 100 17 JUN 2027 80.00 PUT @ 9.26, for
$1,203,800 total deltas.
$1,203,800 ×
$77 =
$92,692,600 in dollar exposure. Near-the-money put on Wells Fargo out to June 2027 — 1,300 contracts is a significant directional bet. With CPI running hot at 3.3% and the Fed on hold, someone is positioning for financials to feel the pinch if rate cuts stay off the table.
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