Wells Fargo (WFC) IV ticks up after Buffett announces reduction of position

Wells Fargo (NYSE: WFC) 30-day option implied volatility is at 20, compared to 18 from Friday; compared to its 52-week range of 16 to 29 after Warren Buffett’s Berkshire Hathaway (BRK-B) on Friday disclosed the sale of more than 86M shares, or 21%, of its stake since June 30.

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