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 10 extraordinary options activities for TeraWulf. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $200,000, and 8 are calls, amounting to $409,880.
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 $4.0 to $7.0 for TeraWulf during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of TeraWulf stands at 3674.57, with a total volume reaching 19,998.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in TeraWulf, situated within the strike price corridor from $4.0 to $7.0, throughout the last 30 days.
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 | SWEEP | BEARISH | 07/12/24 | $0.4 | $0.3 | $0.3 | $5.00 | $105.0K | 1.5K | 10.1K |
| WULF | CALL | SWEEP | BEARISH | 07/05/24 | $0.25 | $0.2 | $0.2 | $5.00 | $100.5K | 2.0K | 1.0K |
| WULF | PUT | SWEEP | BULLISH | 08/02/24 | $0.5 | $0.25 | $0.25 | $4.00 | $100.0K | 12 | 0 |
| WULF | PUT | SWEEP | BULLISH | 07/26/24 | $0.3 | $0.25 | $0.25 | $4.00 | $100.0K | 93 | 0 |
| WULF | CALL | SWEEP | BEARISH | 07/12/24 | $0.3 | $0.2 | $0.25 | $5.00 | $55.0K | 1.5K | 6.3K |
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.
Having examined the options trading patterns of TeraWulf, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is TeraWulf Standing Right Now?
- Trading volume stands at 9,628,862, with WULF's price up by 9.78%, positioned at $4.88.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 42 days.
Professional Analyst Ratings for TeraWulf
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $7.333333333333333.
- An analyst from Cantor Fitzgerald persists with their Overweight rating on TeraWulf, maintaining a target price of $9.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $7.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on TeraWulf, which currently sits at a price target of $6.
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.
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