Bullish option flow detected in Wolfspeed with 3,425 calls trading, 1.3x expected, and implied vol increasing almost 6 points to 162.46%. Aug-24 15 calls and Dec-24 12.5 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.44. Earnings are expected on August 21st.
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