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Cyber Bunny

Grab the Opportunity to trade Wells Fargo

Why shouldn’t you? If Warren Buffett thinks it’s good enough for him, shouldn’t you be doing the same? The bank will announce earnings on May 20 and Goldman is hinting that the stock will go up.

Goldman’s strategies to play the move with derivatives are to buy Wells Fargo’s June $50 calls for 75 cents, which is a pretty cheap price to wait for the investor day meeting result. If you are looking at the WFC options that investors hold, you can see that there’s expectation for the stock to rally before January since the most-held options are January $45, $46, $50 and $55 calls.

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