Bearish flow noted in Wolfspeed (WOLF) with 5,363 puts trading, or 1.1x expected. Most active are 2/14 weekly 5 puts and Feb-25 5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.87, while ATM IV is up nearly 6 points on the day. Earnings are expected on April 30th.
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