Bullish option flow detected in Wolfspeed with 3,102 calls trading, 1.3x expected, and implied vol increasing almost 4 points to 84.19%. Aug-24 30 calls and 8/9 weekly 30 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.44. Earnings are expected on August 21st.
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