Investors with a lot of money to spend have taken a bullish stance on TeraWulf (NASDAQ:WULF).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WULF, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for TeraWulf.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 13%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $142,500, and 14, calls, for a total amount of $1,198,467.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1.0 to $5.5 for TeraWulf over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for TeraWulf's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across TeraWulf's significant trades, within a strike price range of $1.0 to $5.5, over the past month.
TeraWulf 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WULF | CALL | TRADE | NEUTRAL | 01/17/25 | $0.8 | $0.7 | $0.75 | $4.00 | $337.5K | 10.9K | 551 |
| WULF | CALL | SWEEP | BULLISH | 01/16/26 | $1.45 | $1.3 | $1.45 | $3.00 | $162.2K | 4.3K | 4.3K |
| WULF | CALL | SWEEP | BULLISH | 01/16/26 | $1.5 | $1.3 | $1.5 | $3.00 | $161.7K | 4.3K | 1.2K |
| WULF | CALL | TRADE | BULLISH | 11/15/24 | $1.5 | $1.5 | $1.5 | $4.00 | $150.0K | 1.8K | 1.0K |
| WULF | PUT | SWEEP | BULLISH | 06/21/24 | $1.05 | $0.95 | $0.95 | $4.00 | $142.5K | 28 | 28 |
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.
Following our analysis of the options activities associated with TeraWulf, we pivot to a closer look at the company's own performance.
Current Position of TeraWulf
- Currently trading with a volume of 38,070,071, the WULF's price is up by 17.92%, now at $3.29.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 67 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest TeraWulf options trades with real-time alerts from Benzinga Pro.