Some option players hedge bets in Wells Fargo, SunTrust

Reuters – Some bearish option players are betting that Wells Fargo & Co and SunTrust Banks Inc  could both lose as much as 10 to 15 percent of their current stock values by October options expiration.

Nagging worries about the credit markets on Monday have been slamming financial stocks, including banks and brokerage firms.

"We are seeing some limited speculation based on put spreads going up in SunTrust and Wells Fargo showing that investors are still nervous about earnings, potential failures and other industry events," said Scott Fullman, director of derivative investment st

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