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Mixed options sentiment in Wolfspeed with shares up 1.93%

Mixed options sentiment in Wolfspeed (WOLF), with shares up 38c, or 1.93%, near $20.30. Options volume extremely heavy with 1.27m contracts traded and puts leading calls for a put/call ratio of 1093.64, compared to a typical level near 160.63. Implied volatility (IV30) dropped 5.07 near 101.61,in the bottom quartile of the past year, suggesting an expected daily move of $1.30. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Wolfspeed (WOLF) will report earnings after the close on 2026-01-28.Option markets are pricing in a 50% probability of a move greater than -5.03% or $-1.02.

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