Wolfspeed $WOLF is filling for bankruptcy.
To say options sentiment was bearish on this is an understatement.
Today's net premium, NEGATIVE $3.7 MILLION!
Most active chains $WOLF $3 puts expiring 07/18/2025.
People have been trading the companies downfall for a while, but WENT INCREDIBLY HEAVY today, before the news.
People knew, and kept trading it.
From X
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