Option traders moderately bearish in TeraWulf (WULF), with shares down $1.03 near $13.77. Options volume running well above average with 213k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 8.5 points near 117.77,in the top quartile of the past year, suggesting an expected daily move of $1.02. Put-call skew steepened, indicating increased demand for downside protection.
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