Here’s what whales are betting on Wolfspeed

Someone with a lot of money to spend has taken a bullish stance on Wolfspeed WOLF.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens with WOLF, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 24 unusual options trades for Wolfspeed.

It is not normal.

The general sentiment of these big traders is split between 50% bullish and 50% bearish.

Of all the special options we discovered, 5 are put options, totaling $160,230, and 19 are call options, totaling $1,026,932.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have been targeting a price range of $95.0-$195.0 for Wolfspeed over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Wolfspeed options trades today is 634.69 with a total volume of 2,443.00.

In the following chart, we are able to track the development of volume and open interest of Wolfspeed’s large trade call and put options within a strike price range of $95.0 to $195.0 in the last 30 days.

Wolfspeed Options Volume and Open Interest in the Last 30 Days

The biggest options spotted:









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
WOLF CALL TRADE NEUTRAL 10/21/22 $95.00 $157,600 51 ten
WOLF CALL TRADE BULLISH 09/16/22 $100.00 $116,000 768 168
WOLF CALL TRADE BULLISH 10/21/22 $110.00 $75,100 1.1K 75
WOLF CALL TRADE NEUTRAL 09/16/22 $110.00 $67.5,000 767 129
WOLF CALL TRADE BULLISH 09/16/22 $100.00 $66.5,000 768 62









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
WOLF CALL TRADE NEUTRAL 10/21/22 $95.00 $157,600 51 ten
WOLF CALL TRADE BULLISH 09/16/22 $100.00 $116,000 768 168
WOLF CALL TRADE BULLISH 10/21/22 $110.00 $75,100 1.1K 75
WOLF CALL TRADE NEUTRAL 09/16/22 $110.00 $67.5,000 767 129
WOLF CALL TRADE BULLISH 09/16/22 $100.00 $66.5,000 768 62

Where is Wolfspeed right now?

  • With a volume of 1,576,030, WOLF price is down -1.4% to $108.33.
  • RSI indicators suggest that the underlying stock may be overbought.
  • The next results should be published in 65 days.

What experts say about Wolfspeed:

  • Cowen & Co. has decided to maintain its outperform rating on Wolfspeed, which currently sits at a price target of $125.
  • Morgan Stanley has decided to maintain its Equal-Weight rating on Wolfspeed, which currently sits at a price target of $106.
  • Oppenheimer decided to maintain his outperform rating on Wolfspeed, which currently sits at a price target of $120.
  • Citigroup has decided to maintain its buy rating on Wolfspeed, which currently sits at a price target of $115.
  • Goldman Sachs has decided to maintain its buy rating on Wolfspeed, which currently sits at a price target of $124.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

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

About Mildred B.

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