Bullish option flow detected in Wolfspeed (WOLF) with 14,072 calls trading, 4x expected, and implied vol increasing over 6 points to 122.96%. 11/29 weekly 8 calls and Dec-24 10.5 calls are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.17. Earnings are expected on January 29th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOLF:
- Wolfspeed seen as strategically important U.S. semis leader, says Roth MKM
- Wolfspeed Appoints Thomas Werner as Executive Chair
- Trump Trade: President-elect seeks to kill Biden fuel-efficiency rules
- Wolfspeed price target lowered to $6 from $10 at Mizuho
- Wolfspeed call volume above normal and directionally bullish