Wolfspeed Unusual Options Activity

Wolfspeed Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Wolfspeed.

Looking at options history for Wolfspeed WOLF we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $1,546,039 and 8, calls, for a total amount of $252,034.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $150.0 for Wolfspeed over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $45.0 to $150.0 in the last 30 days.

Wolfspeed Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
WOLF PUT SWEEP BULLISH 01/20/23 $150.00 $405.2K 228 25
WOLF PUT SWEEP BEARISH 11/18/22 $105.00 $274.8K 759 655
WOLF PUT SWEEP BEARISH 11/18/22 $80.00 $216.0K 1.8K 1.2K
WOLF PUT SWEEP BULLISH 11/18/22 $75.00 $175.9K 1.0K 1.5K
WOLF PUT SWEEP BEARISH 01/20/23 $150.00 $158.4K 228 24

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
WOLF PUT SWEEP BULLISH 01/20/23 $150.00 $405.2K 228 25
WOLF PUT SWEEP BEARISH 11/18/22 $105.00 $274.8K 759 655
WOLF PUT SWEEP BEARISH 11/18/22 $80.00 $216.0K 1.8K 1.2K
WOLF PUT SWEEP BULLISH 11/18/22 $75.00 $175.9K 1.0K 1.5K
WOLF PUT SWEEP BEARISH 01/20/23 $150.00 $158.4K 228 24

Where Is Wolfspeed Standing Right Now?

  • With a volume of 10,233,375, the price of WOLF is down -18.41% at $86.84.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 90 days.

What The Experts Say On Wolfspeed:

  • Wells Fargo has decided to maintain their Overweight rating on Wolfspeed, which currently sits at a price target of $130.
  • Wells Fargo has decided to maintain their Overweight rating on Wolfspeed, which currently sits at a price target of $110.
  • JP Morgan has decided to maintain their Neutral rating on Wolfspeed, which currently sits at a price target of $130.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Wolfspeed, which currently sits at a price target of $88.
  • JP Morgan upgraded its action to Overweight with a price target of $160

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.

Posted In: BZI-UOAOptionsMarkets