Wells Fargo (WFC) loses 70 cents to $25.59 and a Jan13 27.5 – Jan14 30 call spread trades on the stock at 20 cents, 11000X on ISE. Data indicate an opening spread traded firm-to-firm. The same play also traded at 20 cents, 3000X, on CBOE and a source informs us that the spread was sold (buying Jan13s and selling Jan14s). If so, the action appears to be a bullish spread, or a bet that shares will move beyond $27.5 through January 2013, but not recapture $30 through Jan 2014. The spread has traded 17,200X on the day.