It looks like one investor purchased 28,000 put options at the deeply out-of-the-money April $23 strike for a premium of $0.08 per contract . . . the put action could also be the work of extremely bearish players looking to amass profits should Wells Fargo's shares decline substantially ahead of April expiration.
http://www.forbes.com/2010/03/17/owens-corning-markets-wells-fargo.html
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