Deep-pocketed investors have adopted a bearish approach towards Wolfspeed WOLF, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WOLF usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Wolfspeed. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 2 are puts, totaling $69,300, and 6 are calls, amounting to $491,700.
Latest Startup Investment Opportunities:
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.5 to $35.0 for Wolfspeed over the last 3 months.
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 $22.5 to $35.0 in the last 30 days.
Wolfspeed Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WOLF | CALL | SWEEP | BEARISH | 06/21/24 | $22.50 | $135.0K | 443 | 220 |
| WOLF | CALL | TRADE | BULLISH | 06/21/24 | $22.50 | $101.5K | 443 | 290 |
| WOLF | CALL | SWEEP | BULLISH | 06/21/24 | $22.50 | $79.6K | 443 | 50 |
| WOLF | CALL | SWEEP | BEARISH | 06/21/24 | $22.50 | $78.5K | 443 | 130 |
| WOLF | CALL | TRADE | BEARISH | 04/19/24 | $35.00 | $49.0K | 256 | 1 |
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.
Following our analysis of the options activities associated with Wolfspeed, we pivot to a closer look at the company's own performance.
Present Market Standing of Wolfspeed
- Trading volume stands at 962,696, with WOLF's price down by -0.5%, positioned at $36.01.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 13 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.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
