Bearish flow noted in Wolfspeed with 10,897 puts trading, or 2x expected. Most active are Apr-24 25 puts and Apr-24 22.5 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 24th.
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