Wolfspeed stock price options activity around Wolfspeed stock

Options activity around Wolfspeed stock price shows elevated implied volatility ahead of the next earnings release date. Essentially, the company issued new stock to pay off its debtors, with its existing shareholders getting a maximum of 5% of the new shares. This has led to the bulk of the 329.4% year-to-date (YTD) upmove in WOLF stock and should be seen in that context. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Wolfspeed. The Motley Fool has a disclosure policy . Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link , he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Wolfspeed stock price could gain momentum if battery and EV supply chain contracts are confirmed, lifting forward P/E projections.