Mixed options sentiment in TeraWulf with shares down 6.58%

Mixed options sentiment in TeraWulf (WULF), with shares down $1.06 near $15.04. Options volume relatively light with 120k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.31. Implied volatility (IV30) dropped 9.65 near 92.63,in the bottom quartile of the past year, suggesting an expected daily move of $0.88. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: TeraWulf (WULF) will report earnings after the close on 2025-11-10.Option markets are pricing in a 50% probability of a move greater than 11.89% or $1.79.