Bearish flow noted in Wolfspeed with 3,685 puts trading, or 2x expected. Most active are 1/26 weekly 30 puts and Mar-24 20 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 24th.
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