Bearish flow noted in Wolfspeed with 3,162 puts trading, or 3x expected. Most active are 1/12 weekly 42 puts and Jan-25 45 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 3.46, while ATM IV is up over 3 points on the day. Earnings are expected on January 24th.
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