SupremeRe

Looks like a Breakout to the Upside $WFC

Long
NYSE:WFC   WELLS FARGO & COMPANY
$WFC bounced off of lows and made what seems to be a Bull flag . I put a Fib ext on it to get long with a target of $28. I bought the $27 call options with 29 DTE and will look to take profits once my calls go ITM . If you want you could sell puts but it has a low IV percentile relative to Implied Volatility so might be better to buy premium or purchase the shares outright.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out