Bearish flow noted in Wolfspeed (WOLF) with 64,851 puts trading, or 1.8x expected. Most active are 10/3 weekly 1 (nonstd WOLF1) puts and 10/10 weekly 1 (nonstd WOLF1) puts, with total volume in those strikes near 40,700 contracts. The Put/Call Ratio is 5.42, while ATM IV is up nearly 674 points on the day.
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