WULFTeraWulf Inc. Common Stock
Options Analysis Report•FINANCE SERVICES
Market Cap $12.8B|NASDAQ
● 2026-06-09$25.86
VERY BULLISH
Analysis: 2026-06-08 EOD data
1Y +470.9%YTD +103.0%7D -2.4%
Options Vol
106,998
30D
Implied Move
±26.1%
IV Rank
27%
WULF Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks1/9 checks passed
IV Rank
≤35%IV Rank 92.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.22x — IV premium over HV
Sector Relative≤50%
Sector percentile 96% — above sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 93.6% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 109.6% (ATM 93.6% + spread 8.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 10.42% (spread 7.98% + slippage 2.44%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.86 (vega 2.283 / spread 7.98%) — spread drag
Sentiment
Bullish or bearish?
7.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +24%, Raw: +37%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +24% (bullish) — Raw: +37%
OI Skew Magnitude
≥15%|OI skew| 42.7% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +78.9%, OI skew +42.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -54%, ATM: +3%, OTM: +54% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 8% — very bullish vs sector
Activity
Unusual activity?
4.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 4.2% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +1.7% (5d) — stable
Sector Relative≥60%
Sector activity percentile 69% — active vs sector
Trade Quality
≥30%Large trade volume 62% — heavy institutional
Execution Urgency
≥60%Aggressive execution 48% — patient
Flow Conviction
≥30Conviction +24 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 8.0% — wide
Adequate OI
≥10,000OI 2,526,380 — deep
Active Volume
≥500Volume 106,998/day — active
Reasonable Cost
≤$0.50$0.40 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 96% — much wider than sector
Order Book Depth
≥100 contractsDepth 571.0999999999999 contracts (bid:363.9 ask:207.2) — deep
Execution Quality
<1.0%Avg slippage 2.44% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +14.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 92% — seller opportunity
Event Detection
≥10pts kinkIV kink 13.5pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 39.30 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +24% @ 62% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 92 (ITM 20% + inst 62%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.7
bullishIV expensive, bullish flow
Long Puts4.0
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV rich premium, bullish flow
Covered Call5.1
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.