WFC options activity

Discussion in 'Options' started by LAtrojan, May 17, 2009.

  1. LAtrojan


    Hi all -

    I noticed some unusual activity in the October WFC 13/18 puts on Friday. Over 25000 contracts transacted with an open interest of 3029 and 2605 respectively.

    It looks like someone had a put spread going and they decided to close it on Friday.

    Can anyone add more insight?

  2. The only person(s) who can insight is the the one who initiated the trade.

    Don't think you can find that person too easily.

    Large volume means squat - when it's all made in one large trade.