Investors with a lot of money to spend have taken a bullish stance on TeraWulf WULF.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WULF, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for TeraWulf.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 22%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $60,100, and 8, calls, for a total amount of $444,259.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.0 to $9.0 for TeraWulf during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for TeraWulf's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across TeraWulf's significant trades, within a strike price range of $2.0 to $9.0, over the past month.
TeraWulf Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WULF | CALL | SWEEP | BULLISH | 01/17/25 | $0.7 | $0.6 | $0.65 | $9.00 | $109.0K | 7.2K | 4.5K |
| WULF | CALL | SWEEP | BEARISH | 01/17/25 | $2.85 | $2.7 | $2.7 | $2.00 | $67.5K | 5.6K | 48 |
| WULF | CALL | SWEEP | BULLISH | 01/17/25 | $0.65 | $0.6 | $0.65 | $9.00 | $65.0K | 7.2K | 4 |
| WULF | CALL | SWEEP | BULLISH | 01/17/25 | $0.65 | $0.6 | $0.65 | $9.00 | $64.9K | 7.2K | 1.8K |
| WULF | PUT | SWEEP | BULLISH | 06/28/24 | $0.65 | $0.6 | $0.6 | $5.00 | $60.1K | 42 | 0 |
About TeraWulf
TeraWulf Inc is a digital asset technology company that is engaged in digital infrastructure and sustainable energy development. The company's primary focus is supporting environmentally conscious bitcoin mining operations by developing and operating facilities within the United States. The company's bitcoin mining facilities are powered by clean, affordable, and reliable energy sources. The company's primary source of revenue stems from the mining of bitcoin conducted at the company's mining facility sites. Additionally, the company occasionally generates revenue through the provision of miner hosting services to third-party entities.
In light of the recent options history for TeraWulf, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is TeraWulf Standing Right Now?
- Trading volume stands at 23,349,023, with WULF's price up by 3.22%, positioned at $4.66.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 53 days.
What The Experts Say On TeraWulf
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $7.0.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $7.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for TeraWulf with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
