Deep-pocketed investors have adopted a bullish approach towards TeraWulf WULF, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WULF usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for TeraWulf. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 40% bearish. Among these notable options, 2 are puts, totaling $71,248, and 18 are calls, amounting to $847,735.
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 $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 Activity Analysis: 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 | 01/16/26 | $2.35 | $2.0 | $2.3 | $2.50 | $115.0K | 3.6K | 0 |
| WULF | CALL | TRADE | BULLISH | 01/17/25 | $1.3 | $1.2 | $1.28 | $4.00 | $71.5K | 17.4K | 1.0K |
| WULF | CALL | TRADE | BEARISH | 11/15/24 | $1.25 | $1.15 | $1.15 | $4.00 | $67.7K | 3.1K | 46 |
| WULF | CALL | SWEEP | NEUTRAL | 06/14/24 | $1.15 | $1.0 | $1.07 | $3.00 | $65.1K | 3.9K | 850 |
| WULF | CALL | SWEEP | BULLISH | 01/17/25 | $1.75 | $1.6 | $1.71 | $3.00 | $63.0K | 9.3K | 570 |
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.
Current Position of TeraWulf
- With a volume of 22,447,042, the price of WULF is up 0.78% at $3.87.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 60 days.
What Analysts Are Saying About TeraWulf
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $7.0.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $7.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest TeraWulf options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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