Unusual Whales
@unusualwhales
Wolfspeed $WOLF is filling for bankruptcy. To say options sentiment was bearish on this is an understatement. Today's net premium, NEGATIVE $3.7 MILLION! Most active chains $WOLF $3 puts expiring 07/18/2025. People have been trading the companies downfall for a while, but WENT INCREDIBLY HEAVY today, before the news. People knew, and kept trading it. These $WOLF puts were taken TODAY, before CLOSE, as $WOLF fell 60% today in after hours. The traders put around $8M into those puts today with 314% IV. Will likely gain $10-12 million on the trade. Check it yourself here: unusualwhales.com/stock/WOLF/overview
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highplains.base.eth 🎩✨🔴
@highplains66
WOLF cola?
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