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WULF

TeraWulf Inc.Close $27.86EOD only

Max Pain

$18.00

Next expiry Jun 18, 2026

Expected Move

±$1.21

4.4% from close

Price Gap

-9.86

Distance to max pain

IV Rank

100

High premium

P/C OI

0.37

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 17, 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 17, 2026 close

WULF Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 54.8% from MP; +0.5 VIX 18

Watch next session: $23 put OI change; $30 call activity

Flow Summary

Net premium: +$9.8M bullish

P/C volume ratio: 1.28

P/C OI ratio: 0.37

Put/call ratio 1.5 (120k puts vs 80k calls), deep OTM $23 strike heavy buying. Spot at $25.2 below MP ($25.8), GEX positive $2.5M. Bearish flow with mean-reversion risk.

Notable Prints

WULF 2026-07-17 $23.00 Put

Vol: 50,367

OI: 1,592

Vol/OI: 31.6x

IV: 92.2%

Notional: ~$4.8M

Intent: Bearish hedge or downside speculation; new put positions.

Dual read: May be put spread construction.

Read-through: Aggressive put buying signals downside concern.

WULF 2026-06-18 $28.50 Put

Vol: 567

OI: 183

Vol/OI: 3.1x

IV: 71.1%

Notional: ~$62K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

WULF 2026-07-17 $27.00 Put

Vol: 25,940

OI: 8,849

Vol/OI: 2.9x

IV: 89.6%

Notional: ~$7.0M

Intent: Bearish hedge near $27; possible premium collection.

Dual read: Could be put sale given high IV.

Read-through: Elevated activity suggests key support test.

WULF 2026-07-17 $30.00 Put

Vol: 333

OI: 116

Vol/OI: 2.9x

IV: 88.2%

Notional: ~$135K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

WULF 2026-06-18 $29.00 Put

Vol: 1,375

OI: 540

Vol/OI: 2.5x

IV: 77.7%

Notional: ~$186K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Modest call interest on Sept $31 and June $29.5 strikes.

Put additions: Heavy put buying on July $23 and $27 strikes (vol/OI >30).

GEX/DEX consistency: GEX +$163.9M, DEX +118M shares, consistent with bullish gamma.

OI clusters: O.I. concentrated at July $27 put (8.8k) and Sept $31 call (467).

Hedging evidence: Large put volumes suggest hedging against downside in high-vol regime.

Max pain context: Spot at $24.32 vs MP lower; pinning risk with SPY down.

Signal vs Noise

~Heavy July $23 put volume (50k) is real bearish signal; overall low put/call OI ratio (0.37) shows noise from short-dated activity.

~Net premium positive ($9.8M) signals bullish flow despite mixed volume ratio.

~High gamma (+$163.9M) and pinning regime indicate potential price stabilization.

Key Conclusions

⚠️Large put buying on July $23 suggests hedging or bearish bets; monitor downside risk.

⚡Net call premium and positive GEX/DEX support bullish positioning in high-vol environment.

📌Spot far above MP; expected pinning action could lead to mean reversion.

How to Use These Reports

This flow reflects the market close on June 17, 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.