Bullish option flow detected in Wolfspeed with 4,480 calls trading, 1.2x expected, and implied vol increasing over 3 points to 110.62%. 8/9 weekly 20 calls and Aug-24 19 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.64. Earnings are expected on August 21st.
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