Mixed options sentiment in Wolfspeed (WOLF), with shares up 26c, or 1.5%, near $17.60. Options volume extremely heavy with 1.05m contracts traded and puts leading calls for a put/call ratio of 1639.65, compared to a typical level near 151.36. Implied volatility (IV30) dropped 4.39 near 92.71,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.03. Put-call skew steepened, indicating increased demand for downside protection.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOLF:
- Mixed options sentiment in Wolfspeed with shares up 4.32%
- Wolfspeed files to sell 11.36M shares of common stock for holders
- Wolfspeed Inc Implements Fresh Start Accounting Post-Reorganization
- Mixed options sentiment in Wolfspeed with shares down 8.06%
- Bearish options flow identified in Wolfspeed with shares down 5.23%