Options volume is nearly triple the daily average, with 484k contracts traded and puts leading calls for a put/call ratio of 1.41, compared to a typical level near 0.8. Implied volatility (IV30) rose 21.69 to 264.14, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.64. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOLF:
- Wolfspeed up 17% to $3.91 after WSJ report of debt restructuring talks
- Wolfspeed extends rally after volatility halt, shares up 21% to $4.04
- Apollo negotiating debt restructuring with Wolfspeed, WSJ reports
- Goldman suspends Wolfspeed rating after ‘going concern’ warning
- Wolfspeed creditors extend rescue financing offer, FT reports