Financials · Mega Cap Finance
WFC Implied Volatility, IV Rank & Options Chain
Wells Fargo & Company (WFC) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Wells Fargo & Company (WFC).
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WFC options trade with implied volatility typically in the 20% - 65% range, averaging 200K+ contracts in daily volume with excellent liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
WFC implied volatility
As of 2026-10-26As of 2026-10-26, WFC's 30-day implied volatility is 24.6%, placing its 1-year IV percentile at 29.0 — above 29.0% of the past year's daily IV readings, a low-IV, premium-buying regime favoring long calls/puts and debit spreads.
WFC live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live WFC chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
WFC options at a glance
- Daily volume
- 200K+ contracts
- IV range
- 20% - 65%
- Bid-ask spread
- $0.01 - $0.03 ATM
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- 3M+ contracts
- Next earnings
- See earnings calendar
About Wells Fargo & Company (WFC)
Wells Fargo is one of the largest U.S. banks focused on retail and commercial banking. After a series of scandals led to Fed-imposed asset caps, WFC has been in turnaround mode. The bank's primary focus is on mortgage lending, consumer banking, and commercial real estate.
Company profile
- Sector
- Financials
- Industry
- Diversified Banks
- Market cap
- $200B+
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- Quarterly
- Fiscal year end
- December
WFC is the third-largest U.S. bank by assets. The Fed's asset cap constrains growth but lifting it would be a major catalyst.
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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
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WFC options market overview
WFC options are highly liquid with strong retail participation. The stock's turnaround story attracts both bullish and skeptical positioning.
- Average daily volume
- 200K+ contracts
- Total open interest
- 3M+ contracts
- Put/call ratio
- 0.60 - 0.85 typical
- Typical ATM spread
- $0.01 - $0.03 ATM
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Excellent
WFC options have excellent liquidity. Lower stock price than JPM/GS makes options affordable.
WFC implied volatility and IV rank
WFC implied volatility reflects banking sector risk plus idiosyncratic turnaround uncertainty. Asset cap news creates volatility spikes.
Earnings impact
IV builds before earnings. Expense efficiency and asset cap updates are key focus areas.
The move options are pricing for the next report, and how the last 12 went: WFC earnings expected move.
The post-earnings volatility drop is known as IV crush. Holders of short WFC options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
IV includes some premium for turnaround uncertainty beyond sector risk.
Term structure
Usually contango with occasional flattening around regulatory announcements.
The smile, the term structure and the cone for WFC, on today's chain.
Open WFC in IV IntelligenceWFC gamma exposure (GEX)
Gamma Exposure analysis for WFC shows mixed positioning reflecting turnaround uncertainty.
- Typical GEX profile. WFC gamma is typically positive but can shift on regulatory news.
- Key levels. Dollar strikes ($50, $55, $60) attract significant open interest.
- Dealer hedging. Dealer hedging is orderly but more dynamic than other banks due to catalyst-driven moves.
Where the gamma sits on WFC right now, strike by strike.
See live WFC GEXCommon WFC options strategies
These are strategies commonly used by traders on WFC options, based on typical market characteristics. This is not investment advice.
Key considerations for WFC options
- Fed asset cap is the key overhang - removal would be a major catalyst
- Expense efficiency improvements are closely watched
- Mortgage lending makes WFC sensitive to housing market and rates
- Past scandals still create reputational drag
- Commercial real estate exposure is monitored for credit quality
- Trading at discount to peers provides upside if turnaround succeeds
WFC key events
Earnings months. January, April, July, October
- Fed Asset Cap Updates
- Fed Interest Rate Decisions
- Bank Stress Tests
- CEO/Management Updates
WFC options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns WFC's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/WFC"What is WFC's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on WFC in the console, more prompts for WFC, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
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Questions
Frequently asked
about WFC options.
How liquid are WFC options?
WFC options are highly liquid with average daily volume exceeding 200,000 contracts and tight penny-wide spreads.
What is WFC's typical implied volatility?
WFC implied volatility typically ranges from 20% to 65%. Normal conditions see IV between 28-40%, slightly elevated due to turnaround uncertainty.
What is the Fed asset cap?
The Fed imposed an asset cap on Wells Fargo in 2018 after scandals, limiting its growth. Removal of this cap would allow WFC to grow again and is a major potential catalyst.
When does WFC report earnings?
WFC reports quarterly in January, April, July, and October, typically early in earnings season with other major banks.
Is WFC a turnaround story?
Yes, WFC has been working to address past scandals, improve efficiency, and satisfy regulators. The stock trades at a discount to peers, providing upside if turnaround succeeds.
What is the best time to trade WFC options?
The most liquid trading hours for WFC options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate WFC option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for WFC options across all strikes and expirations.
What happens to WFC options at expiration?
In-the-money WFC options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
What is WFC's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence WFC's intraday price action. WFC gamma is typically positive but can shift on regulatory news. Dealer hedging is orderly but more dynamic than other banks due to catalyst-driven moves. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live WFC GEX levels and the gamma-flip point on ApexVol.
What is WFC's IV rank?
WFC's IV rank shows where WFC's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. WFC implied volatility typically ranges from 20% - 65%. Check WFC's live IV rank and percentile on ApexVol's IV analytics.
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