Dated end-of-day edition
JW Intelligence Report

Wells Fargo & Co / WFC

StockFinancialsBanking
JW Rank68.1/ 100
Official close$90.31+0.86 (+0.96%)
Bid$90.00
Ask$90.51
Previous close$89.45
ATR (14)2.01%
RSI (14)61.4
Volume8.08M
Model reference$89.00
Upside scenario$94.50
Risk reference$86.00
Decision summary

WFC Option Market Prices in Continued Upside Potential

ConstructiveHigh confidence

The WFC option market displays a bullish sentiment, pricing in continued upside potential for the stock. Implied volatility is elevated but not excessively so, suggesting traders anticipate further price movement. The term structure shows a slight downward slope, indicating that near-term options are slightly more expensive than longer-dated options. This could reflect expectations of increased volatility in the coming weeks.

Wheel contextWFC's recent earnings beat expectations and the company raised its dividend. This positive news has contributed to the bullish sentiment in the options market.
Dated supporting context

JW AI outlook

Bullish

Short-term scenario

Cautious hold with potential buy on pullback; high uncertainty from upcoming October earnings, interest rate path, and macro data (CPI/PPI). Avoid chasing today's bounce.

Three-month outlook

Moderately constructive toward $95-105 range if Q3 earnings confirm NII/loan growth and credit remains stable, aligning with analyst targets (median ~$92-101, some $111). Supported by capital returns, efficiency gains, and post-asset-cap expansion. Significant uncertainty from potential rate cuts pressuring NII, credit deterioration in commercial/wholesale, recession risks, or regulatory shifts. Macro and Fed policy remain key variables.


Market sentiment context

Mildly positive to mixed with limited high-engagement recent posts. Some trading systems signaling stay long after recent gains; promotional analyst buy/sell points mentioned. Older posts reflect past concerns on recession/mortgages but current discussion sparse and not strongly bearish. Overall cautious trader optimism on bank names.

Observed market data

Price and technical structure

Dated end-of-day indicator set
Trend reference levels11 observations
20D SMA$87.14
50D SMA$87.08
200D SMA$85.11
9D EMA$88.80
21D EMA$87.80
20D MVWAP$87.41
YTD VWAP$83.99
Daily reference VWAP$90.40
Price vs 20D SMA3.61%
Price vs 50D SMA3.69%
Price vs 200D SMA6.09%
Momentum kinematics10 observations
RSI (7)67.05
RSI (14)61.35
RSI (21)58.88
Stochastic K88.52
Stochastic D84.25
MACD line0.88
MACD histogram0.50
ADX (14)15.95
MACD acceleration0.11
RSI velocity2.41
Volatility and price boundaries11 observations
ATR (14)0.01
ATR (14) %2.01%
Bollinger upper$91.42
Bollinger middle$87.14
Bollinger lower$82.87
Bollinger position0.87%
Volatility environmentMedium
20D realized volatility21.66%
Observed range position100.00%
5D true high$91.16
5D true low$87.20
Participation and institutional flow7 observations
Volume8.08M
20D average volume6.39M
Volume vs 20D average1.26x
20D SMA velocity0.08
50D SMA velocity0.12
Institutional flow0.11
ATR velocity0.01
Available cached indicators

Detailed decision indicators

Dated authorized values
Market overview7 observations
Price$90.31
DateSep 11, 2026
Volume8.08M
Vwap D$90.40
Mvwap 20$87.41
Change0.86
Change Percentage0.96%
Trend structure6 observations
Trend SignalStrong Bull
Sma 20$87.14
Sma 50$87.08
Sma 200$85.11
Ema 9$88.80
Ema 21$87.80
Momentum structure9 observations
Rsi 767.05
Rsi 1461.35
Rsi 2158.88
Rsi SignalNeutral
Stoch K88.52
Stoch D84.25
Macd Line0.88
Macd SignalBullish
Macd Hist0.50
Volatility structure3 observations
Atr1.82
Atr Pct2.01%
EnvironmentMedium
Option market context3 observations
Current Iv24.90
Iv Rank18.91
Iv Percentile19.92%
Price boundaries8 observations
Bb Upper91.42
Bb Middle87.14
Bb Lower82.87
Bb Pctb0.87
True High$91.16
True Low$89.45
True High 5d$91.16
True Low 5d$87.20
Three-day velocities7 observations
Sma20$0.08
Sma50$0.12
Mvwap20$0.11
Macd0.11
Rsi2.41
Volume820,464
Atr0.01
Risk radar5 observations
Earnings RiskLow
Earnings DateOct 13, 2026
Macro RiskUnknown
Vol RiskMedium
Structure RiskMedium
Deterministic scoring

JW Rank factors

Higher scores indicate stronger observed structure
LiquidityTrading capacity and quote quality proxyCoverage 100%
84
Strategy FitGeneric Wheel premium-selling environment fitCoverage 100%
70
Technical TrendPrice trend, momentum and long-term structureCoverage 100%
89
Market Tail RiskMarket-wide volatility and tail-risk regimeCoverage 100%
56
Fundamental QualityBusiness quality and balance-sheet durabilityCoverage 86%
54
Volatility PressureOption premium pressure relative to realized movementCoverage 100%
39

JW Rank is not a buy/sell rating, and coverage measures field availability—not accuracy or certainty.

Options Intelligence

What the closing chain was pricing

WFC Option Market Prices in Continued Upside Potential

The WFC option market displays a bullish sentiment, pricing in continued upside potential for the stock. Implied volatility is elevated but not excessively so, suggesting traders anticipate further price movement. The term structure shows a slight downward slope, indicating that near-term options are slightly more expensive than longer-dated options. This could reflect expectations of increased volatility in the coming weeks.

Front ATM IV23.55%
Current IV24.38%
IV Rank16.53
IV Percentile17.93%
25Δ skew1.78
Term slope-0.28
Term structureFlat
Quote coverage98%
Median option spread14.58%
Term structure

Implied volatility by expiration

3 observed expirations
23.6%22.5%
ExpirationDTEATM IVState
2026-09-187.0023.55%
2026-09-2514.0022.54%
2026-10-0221.0023.27%
Reference structures

Defined-risk observations

Bull Put Spread Reference

Expiration
Short strike$89.00
Long strike$88.00
Net credit / share$0.25
Credit / width24.50%
$25$-75$87.45$89.55Expiration payoff per standard 100-share contract

Bear Call Spread Reference

Expiration
Short strike$92.50
Long strike$93.00
Net credit / share$0.12
Credit / width24.00%
$12$-38$92.23$93.28Expiration payoff per standard 100-share contract
Evidence used
  • Implied volatility is 24.38%, suggesting traders expect significant price movement.
  • The term structure shows a slight downward slope, indicating near-term volatility may be higher than longer-term volatility.
  • The stock is trading above both its 50 and 200 day moving averages, signaling a bullish trend.
Risk context
  • Upcoming earnings on October 13th could impact option prices significantly.
Strategy intelligence

Structural fit, not a trade instruction

Wheel fit score70.20

WFC's recent earnings beat expectations and the company raised its dividend. This positive news has contributed to the bullish sentiment in the options market.

Execution intelligence

Liquidity and quote conditions

Dollar volume$729.42M
Underlying bid/ask spread0.57%
Option quote coverage98%
Median option spread14.58%
Fundamental intelligence

Business quality context

Factor score54.40
Coverage86%

Business quality and balance-sheet durability

Latest strategy observation

WFC Covered Call signal

Sep 11, 2026 10:48 AM EDT

Covered Call | 2026-09-18 | short $90.00 | $1.23 credit | High turnover

Generalized structural observation only; no quantity, order instruction or personalized recommendation is provided.

Company and fundamental profile

Wells Fargo & Co at a glance

Dated valuation, quality, growth and shareholder context

Market position and valuation

Market capitalization$258.34B
P/E (TTM)12.0×
Beta0.94
52-week range$72.78 – $97.76
52-week return11.03%
Shares outstanding3.02B

Profitability and financial quality

Return on equity12.55%
Operating margin25.35%
Net margin22.19%
Debt / equity2.35×

Growth and cash generation

Revenue growth (3Y)-6.53%
EPS growth (3Y)22.68%
Revenue / share (TTM)21.73
Book value / share59.50

Shareholder return and calendar

Dividend yield2.27%

Trading and reference facts

MarketNew York Stock Exchange, Inc.
CountryUs
CurrencyUsd
IPO date1962-12-10
Company website
Methodology, edition and field coverage
EditionOfficial Close
Ready sections3 / 3
Report identity796eb4f280bccbe7b6057e00

JW Rank is deterministic and is not a buy/sell rating. Narrative sections explain dated evidence and do not change the score or observed facts. Coverage measures field availability, not accuracy or certainty. This public edition remains fixed.

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Important disclosures. Generalized market-structure research only. This report does not consider holdings, objectives, risk tolerance or financial circumstances and is not an investment recommendation, transaction instruction, offer, solicitation or return forecast. Market data, model scores and AI explanations may be delayed, incomplete or incorrect. Past, hypothetical, model and settled-signal results do not predict future results. Options are complex and may involve loss of the entire premium, substantial or theoretically unlimited loss, assignment, early exercise, margin, liquidity and execution risk. Before trading standardized options, read the OCC’s Characteristics and Risks of Standardized Options. Terms of Use · Privacy Policy