Bullish option flow detected in Wolfspeed with 5,140 calls trading, 4x expected, and implied vol increasing over 1 point to 65.23%. Jul-23 65 calls and Sep-23 75 calls are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.60. Earnings are expected on August 16th.
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