TeraWulf Option Alert: Aug 16 $5.5 Calls Sweep (46) near the Ask: 3000 @ $0.25 vs 11299 OI; Earnings 5/13 Before Open [est] Ref=$2.27
Portfolio Pulse from Charles Gross
TeraWulf (WULF) saw a significant options activity with a sweep of 3000 Aug 16 $5.5 calls at $0.25, compared to an open interest of 11299. This activity comes ahead of their estimated earnings report on May 13, before the market opens, with the stock reference price at $2.27.

April 19, 2024 | 4:09 pm
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TeraWulf's significant options activity indicates increased investor interest or speculation ahead of its earnings report.
The sweep of calls indicates a bullish sentiment among investors, expecting the stock to rise above $5.5 by August 16. This could lead to increased volatility and potentially higher stock prices in the short term, especially if the upcoming earnings report exceeds market expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90