Bearish flow noted in Wolfspeed (WOLF) with 9,426 puts trading, or 1.1x expected. Most active are Jan-26 8 puts and 3/28 weekly 6 calls, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 1.88, while ATM IV is up nearly 7 points on the day. Earnings are expected on April 30th.

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