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Wolfspeed call volume above normal and directionally bullish

Bullish option flow detected in Wolfspeed (WOLF) with 18,459 calls trading, 1.3x expected, and implied vol increasing almost 4 points to 125.91%. Mar-25 7 calls and Feb-25 6.5 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on April 30th.

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