Some big investors think a company called Wolfspeed will do well in the future, so they are buying options, which are a way of betting on the company's success without buying the whole company. They are spending a lot of money on these options, which shows they are very confident. The article also talks about how the company makes special materials for things like electric cars and phones, and how well the company is doing right now. Read from source...
- He points out that the article has no author's name or credibility, only Benzinga's logo.
- He questions the use of "smart money" as a vague term that doesn't indicate who is betting big on WOLF options.
- He notes that the article focuses on options history and volume rather than fundamental analysis or earnings.
- He argues that the projected price targets are based on subjective assumptions and not on solid evidence or valuation metrics.
- He