Home Options WULFReports

WULF

TeraWulf Inc.Close $11.32EOD only

Max Pain

$13.00

Next expiry Oct 30, 2026

Expected Move

±$1.36

12.0% from close

Price Gap

+1.68

Distance to max pain

IV Rank

Low premium

P/C OI

0.35

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Oct 23, 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

Oct 23, 2026 close

WULF Theta Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 12, 2026. A newer theta report is available for June 18, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

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

IV Environment

IV Regime

High

IV vs VIX

Avg IV 107.6% vs VIX 17.68, elevated

Favorable?

Yes

Term structure: Near-dated ATM IV 24.4%, call IV 123% vs put IV 98% - extreme skew; back months ~95%

📈Avg IV 107.6%, 0DTE call IV 123% - extreme premium

🟢GEX +$172M, strong dealer long gamma pinning

⚠️Tail risk: earnings gap not indicated; vega exposure high

💀Vega decay slow; IV may compress, risk of vol expansion

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+172.0M)

OI concentrations: Max pain $24 (6/12,6/26), $18 (6/18); call OI wall $30-$35; no put OI near spot

Verdict: Low pin risk: spot above max pain, dealer long gamma, strong call wall overhead

Premium Opportunities

Put credit spread

Sell 2026-08-21 $22.00/$18.00 put spread

Sell put credit spread to capture elevated premium with defined risk.

Credit: $1.14-$1.39

Max loss: $2.61

BE: $20.61

Mgmt: Monitor spot near $22.13 support; manage if invalidation level hit.

Risk Alerts

!Gamma flip risk if spot drops below $22.13

!Earnings not indicated; check calendar

!Vega risk from extreme IV; monitor volatility expansion

How to Use These Reports

This theta 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.