WOLF Wolfspeed Options Ahead of Earnings

TopgOptions Updated   
NYSE:WOLF   Wolfspeed, Inc.
Analyzing the options chain and the chart patterns of WOLF Wolfspeed prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Trade closed: target reached:
WOLF collapsed to $42.01 after earnings, and the Puts went up from $3.05 (when I wrote this article) to $5.70 at the close today (a lot higher intraday), for about 90% gain!
Congrats to those who bought the aggressive puts!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.