A Closer Look at Wolfspeed's Options Market Dynamics

Investors with significant funds have taken a bearish position in Wolfspeed WOLF, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in WOLF usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 8 options transactions for Wolfspeed. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 37% being bullish and 62% bearish. Of all the options we discovered, 7 are puts, valued at $805,487, and there was a single call, worth $26,000.

Latest Startup Investment Opportunities:

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $35.0 for Wolfspeed during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Wolfspeed's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Wolfspeed's whale trades within a strike price range from $25.0 to $35.0 in the last 30 days.

Wolfspeed Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Wolfspeed

Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.

In light of the recent options history for Wolfspeed, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Wolfspeed

• Trading volume stands at 1,102,456, with WOLF's price up by 0.79%, positioned at $34.5.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 5 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Wolfspeed, Benzinga Pro gives you real-time options trades alerts.