Wells Fargo with a large call spread as a position is adjusted
Wells Fargo with a large call spread as a position is adjusted. 15.1K Oct - Dec 46 call spreads at 71c on ISE. A customer is selling to open Dec 46 calls and buying to close Oct 46 calls. If so, the Oct 46 calls were likely sold to open at 18c on 10/3 and covered today for 4c. The call write is being adjusted ahead of the expiration later this week and after the company reported earnings Friday morning.