Wells Fargo (WFC) loses $1.20 to $28.87 post-earnings and one investor sells 9,000 Jan 20 – 30 put spreads to buy 9,000 Jan 35 calls, collecting $2.40 on the package. It likely closes a position opened in late-Jan when the same three-way traded at 25 cents (credit). The original position was tied to 588K shares at $32.35 (see 1/27 color).