Investors with a lot of money to spend have taken a bearish 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 44% bullish and 55%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $200,000, and 8, calls, for a total amount of $342,400.
Expected Price Movements
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 $12.0 for TeraWulf during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for TeraWulf's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of TeraWulf's whale activity within a strike price range from $2.0 to $12.0 in the last 30 days.
TeraWulf Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WULF | PUT | SWEEP | BEARISH | 01/16/26 | $0.5 | $0.4 | $0.5 | $2.50 | $200.0K | 779 | 4.0K |
| WULF | CALL | SWEEP | BEARISH | 01/16/26 | $1.15 | $1.0 | $1.0 | $12.00 | $95.1K | 3.8K | 1.0K |
| WULF | CALL | SWEEP | BULLISH | 01/15/27 | $2.5 | $2.45 | $2.54 | $7.00 | $50.9K | 724 | 604 |
| WULF | CALL | SWEEP | BULLISH | 01/15/27 | $2.5 | $2.45 | $2.5 | $7.00 | $50.0K | 724 | 804 |
| WULF | CALL | SWEEP | BEARISH | 01/17/25 | $1.8 | $1.7 | $1.72 | $4.00 | $34.4K | 14.8K | 315 |
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
- Trading volume stands at 15,340,008, with WULF's price down by -8.06%, positioned at $5.59.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 81 days.
Expert Opinions on TeraWulf
In the last month, 4 experts released ratings on this stock with an average target price of $10.25.
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. * Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on TeraWulf with a target price of $10. * Maintaining their stance, an analyst from Northland Capital Markets continues to hold a Outperform rating for TeraWulf, targeting a price of $10. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for TeraWulf, targeting a price of $10. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $11.
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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