Bearish flow noted in Wolfspeed (WOLF) with 46,483 puts trading, or 6x expected. Most active are Mar-25 4 puts and Apr-25 6 calls, with total volume in those strikes near 41,300 contracts. The Put/Call Ratio is 1.98, while ATM IV is up nearly 8 points on the day. Earnings are expected on April 30th.
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