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
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.