Put buyers are really concerned about Well Fargo’s October 14th #Earnings report
Bought to Open WFC Dec 18 2020 17.5 Puts / Sold to open WFC Oct 16 2020 21.5 Puts @ 0.04 Net Credit.
The short strike is a half point below the 52Week low.
And I have another spread-based short put at 22.0 that probably expires the week before.
That will give me an extra set of protective long puts.