Decoding Wolfspeed's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Wolfspeed (NYSE:WOLF) through unusual options activity. Analysis reveals 55% bullish and 33% bearish trades, with significant call and put options. The stock is currently down 8.6% at $12.91, and experts have set an average target price of $18.0. The next earnings report is due in 12 days.
August 09, 2024 | 7:01 pm
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Wolfspeed has seen significant bullish options activity, with 55% of trades being bullish. The stock is currently down 8.6% at $12.91, and experts have set an average target price of $18.0. The next earnings report is due in 12 days.
The significant bullish options activity suggests investor confidence in Wolfspeed's future performance. Despite the current stock price drop, the average target price set by experts is higher, indicating potential for a price increase. The upcoming earnings report could further influence the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100