The financial sector has been beaten down in 2020, and Wells Fargo was not an exception at all. In fact, it has probably been hit harder than most banks in the U.S. And this is after already poor performance in its recent years of scandals. The most prominent case I still remember is the account fraud scandal which was made public in 2016. Longtime investor Warren Buffett has also significantly cut his position in the bank. But it’s still one of the largest financial institutions in the U.S. and is very well established, despite its past reputational issues. And as options traders usually look for short-term opportunities, they should take them. Therefore, let’s check this trade idea on Wells Fargo.