Bearish options flow identified in TeraWulf (WULF), with shares down 22c near $15.82. Options volume relatively light with 27k contracts traded and puts leading calls for a put/call ratio of 1.04, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 1.4 points near 97.06,and below the 52wk median, suggesting an expected daily move of $0.97. Put-call skew steepened, indicating increased demand for downside protection.
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