Bearish flow noted in Wolfspeed with 4,198 puts trading, or 4x expected. Most active are Feb-24 30 puts and 1/5 weekly 39 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 2.80, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 24th.
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