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WULF

TeraWulf Inc.Close $26.06EOD only

Max Pain

$18.00

Next expiry Jun 18, 2026

Expected Move

±$2.49

9.5% from close

Price Gap

-8.06

Distance to max pain

IV Rank

High premium

P/C OI

0.38

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects WULF options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

WULF Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.6% from MP; +1 VIX 18

Watch next session: $41 call open interest build; VIX spike above 20

Flow Summary

Net premium: +$55.9M bullish

P/C volume ratio: 0.32

P/C OI ratio: 0.38

Aggressive call buying and positive gamma positioning signal bullish conviction. Heavy put selling on near-term strikes reinforces upward bias. Sustained above MP supports further rally.

Notable Prints

WULF 2027-01-15 $41.00 Call

Vol: 1,627

OI: 153

Vol/OI: 10.6x

IV: 97.3%

Notional: ~$651K

Intent: Bullish long call

Read-through: Speculative upside bet

WULF 2026-06-26 $25.00 Put

Vol: 5,239

OI: 1,013

Vol/OI: 5.2x

IV: 93.8%

Notional: ~$744K

Intent: Bearish hedge or speculation

Read-through: Bearish sentiment

WULF 2026-06-12 $26.00 Put

Vol: 544

OI: 223

Vol/OI: 2.4x

IV: 23.4%

Notional: ~$4K

Intent: Closing or small bearish bet

Read-through: Minimal impact

WULF 2026-06-12 $27.00 Put

Vol: 433

OI: 220

Vol/OI: 2.0x

IV: 153.1%

Notional: ~$41K

Intent: Bearish insurance near expiry

Read-through: Late volatility

WULF 2026-06-18 $26.50 Put

Vol: 1,279

OI: 696

Vol/OI: 1.8x

IV: 86.3%

Notional: ~$185K

Intent: Bearish directional bet

Read-through: Bearish pressure

Institutional Positioning

Call additions: Large $41 call 2027 added (vol/OI 10.6); net premium $55.9M positive

Put additions: Moderate put activity: $25 put 2026-06-26 (vol/OI 5.2) and other short-dated puts

GEX/DEX consistency: Consistent: GEX +$172M, DEX +106.5M shares both bullish

OI clusters: Highest OI: $41 call (153), $25 put (1013); spot ~$27

Hedging evidence: Puts may hedge but flow bullish; no collar evidence

Max pain context: Spot above MP, GEX pinning, bullish regime

Signal vs Noise

~Signal: $41 call 2027 with vol/OI 10.6, $25 put 2026 with vol/OI 5.2

~Noise: low-volume puts near expiry (e.g., $26 put $0.07)

Key Conclusions

📈Institutions aggressively adding calls, net premium +$55.9M, bullish flow

⚠️Put activity in $25 strike suggests downside hedging, but low ratio

How to Use These Reports

This flow reflects the market close on June 12, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.