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Wolfspeed call volume above normal and directionally bullish
The Fly

Wolfspeed call volume above normal and directionally bullish

Bullish option flow detected in Wolfspeed with 15,743 calls trading, 3x expected, and implied vol increasing almost 12 points to 131.41%. Oct-24 9 calls and 9/27 weekly 9 calls are the most active options, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 0.16. Earnings are expected on November 4th.

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