Options Traders Are All Over This Struggling Chip Stock
Wolfspeed stock has seen almost exclusively puts traded in the last 10 daysOne of the worst stocks on Wall Street that hardly anybody talked about yesterday was Wolfspeed Inc (NYSE:WOLF), which dropped 18.2% to close at $26.16. The chipmaker reported worse-than-expected fiscal first-quarter revenue, and also issued a dismal fiscal second-quarter revenue outlook. This marked the company's first quarterly report since it filed for Chapter 11 bankruptcy on June 30, but options traders weren't buying it.WOLF m ...