Investors with substantial capital have taken a pessimistic stance on Wolfspeed WOLF.
It’s a noteworthy observation for retail traders to bear in mind.
Today’s revelation was made public through options trading data that we diligently monitor here at Benzinga.
Whether these market players are institutions or affluent individuals remains a mystery. Nonetheless, significant activity in the realm of WOLF typically signifies insider knowledge.
Benigna’s options scanner unveiled 12 options trades involving Wolfspeed today.
This departure from the norm demands attention.
The prevailing sentiment among these high-net-worth traders is divided, with 25% being bullish and a substantial 75% leaning bearish.
Of the options transactions discovered, there was 1 put option, valued at $33,500, and 11 call options, tallying up to $580,794.
Projected Price Range
Taking into consideration the volume and open interest on these contracts, it appears that there has been a sustained interest from whales in a price range spanning from $20.0 to $30.0 for Wolfspeed over the past 3 months.
In-Depth Analysis of Volume & Open Interest
In the realm of liquidity and interest, the average open interest for Wolfspeed options trades today stands at 1580.5, with a cumulative volume of 2,466.00.
The chart below allows us to track the evolution of volume and open interest for call and put options within the $20.0 to $30.0 strike price range for Wolfspeed’s significant trades over the last month.
Wolfspeed Call and Put Volume: A 30-Day Overview
Noteworthy Options Transactions Identified
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WOLF | CALL | SWEEP | NEUTRAL | 01/16/26 | $30.00 | $94.0K | 238 | 304 |
| WOLF | CALL | SWEEP | BEARISH | 01/16/26 | $30.00 | $94.0K | 238 | 104 |
| WOLF | CALL | SWEEP | BULLISH | 09/20/24 | $20.00 | $65.6K | 298 | 83 |
| WOLF | CALL | SWEEP | BEARISH | 01/16/26 | $30.00 | $47.0K | 238 | 254 |
Exploring the World of Wolfspeed
Wolfspeed Inc. specializes in manufacturing wide bandgap semiconductors. Their focus lies on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company caters to segments such as transportation, power supplies, inverters, and wireless systems. While Europe propels the majority of their revenue, Wolfspeed also maintains a presence in the United States, China, Japan, South Korea, and various other regions.
Following a meticulous examination of the options trading activity related to Wolfspeed, it is imperative to delve deeper into the company for a comprehensive evaluation of its current market standing and performance.
Current Status of Wolfspeed
- With a trading volume of 2,727,716, WOLF’s price has depreciated by -1.8%, settling at $24.6.
- The current RSI values indicate the stock’s neutrality between being overbought and oversold.
- The next earnings report is slated for 36 days hereafter.
Engaging in options trading entails amplified risks but also offers the potential for heightened returns. Resourceful traders manage these risks through continuous learning, strategic trade adaptations, leveraging various indicators, and staying attuned to market dynamics. Stay up-to-date with the latest options trades involving Wolfspeed on Benzinga Pro for instantaneous alerts.
