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Wells Fargo & Company Message Board

  • kelly_tankor81 kelly_tankor81 Jul 9, 2013 1:37 PM Flag

    EVERY EARNINGS TILL NOW WFC FALLS SHORTED

    Into earnings

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    • kiss your nickles and dimes goodbye! I'm putting on size with 300 naked out of the money puts spread out over july and august.

    • Up 3.15 % post earnings on average over last 8 quarters

      WSJ

      By Kaitlyn Kiernan

      J.P. Morgan Chase & Co. and Wells Fargo & Co. report results before the opening bell Friday, and despite the potential for the recent turmoil in the bond market to put a dent into their profits, options traders aren’t expecting any big surprises.

      J.P. Morgan shares have averaged a 2.69% postearnings move over the last eight quarters, while Wells Fargo has seen an average swing of 3.15% over that period. Heading into fiscal second-quarter results due Friday morning, the cost of an options trading strategy often used to measure expected swings was pricing in moves just below those averages

 
WFC
53.54-0.49(-0.91%)Aug 28 4:01 PMEDT