Bullish option flow detected in Wolfspeed with 15,743 calls trading, 3x expected, and implied vol increasing almost 12 points to 131.41%. Oct-24 9 calls and 9/27 weekly 9 calls are the most active options, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 0.16. Earnings are expected on November 4th.
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