Investors in TeraWulf Inc. (Ticker: WULF) can now trade new options set to expire on July 17, 2023. Key contracts include a put option at a $12.00 strike price with a current bid of $0.79, offering investors an effective purchase price of $11.21 per share, a 31% discount from the current trading price of $17.34. Analysts indicate an 81% chance that this put will expire worthless.
Additionally, a call option available at a $28.00 strike price has a bid of $0.78. If the stock is bought at $17.34 and the call is sold, the total return could reach 65.97% if the stock is called away at expiration. Analysts estimate a 68% likelihood that this call option will also expire worthless, allowing investors to retain their shares and the premium earned, corresponding to a potential 4.50% yield boost.
