High-rolling investors have positioned themselves bearish on TeraWulf WULF, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in WULF often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 22 options trades for TeraWulf. This is not a typical pattern.
The sentiment among these major traders is split, with 31% bullish and 54% bearish. Among all the options we identified, there was one put, amounting to $100,000, and 21 calls, totaling $1,572,911.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.0 to $11.0 for TeraWulf over the recent three months.
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 $11.0, over the past month.
TeraWulf Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WULF | CALL | TRADE | BULLISH | 11/15/24 | $2.95 | $2.8 | $2.9 | $4.50 | $290.0K | 7.8K | 1.0K |
| WULF | CALL | TRADE | NEUTRAL | 01/16/26 | $3.4 | $3.1 | $3.25 | $7.00 | $162.5K | 10.3K | 1.3K |
| WULF | CALL | SWEEP | BULLISH | 12/20/24 | $0.4 | $0.35 | $0.4 | $11.00 | $134.3K | 6.4K | 4.2K |
| WULF | CALL | SWEEP | BULLISH | 11/15/24 | $5.5 | $5.3 | $5.5 | $2.00 | $106.7K | 1.2K | 2.5K |
| WULF | CALL | SWEEP | BEARISH | 11/15/24 | $0.95 | $0.85 | $0.85 | $7.00 | $106.2K | 10.2K | 5.1K |
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.
Present Market Standing of TeraWulf
- Currently trading with a volume of 25,468,808, the WULF's price is up by 20.29%, now at $7.47.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 6 days.
Professional Analyst Ratings for TeraWulf
1 market experts have recently issued ratings for this stock, with a consensus target price of $5.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a cautious move, an analyst from Rosenblatt downgraded its rating to Buy, setting a price target of $5.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for TeraWulf, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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