TeraWulf (WULF) Options Chain

NASDAQ: WULFFinanceFinance: Consumer ServicesUSD

13.66+0.005 (+0.04%)

Market open · Delayed 15 min · as of Oct 9, 2:33 PM ET

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 0
Share price: $13.65
Put/call ratio (OI): 0.40
Put/call ratio (volume): 0.40
ATM implied volatility: 39.5%
Expected move: ±$0.2819
Open interest (C / P): 62.84K / 25.41K

WULF options summary

The WULF options chain for the October 9, 2026 expiration lists 35 call and 34 put contracts, expiring today. Open interest stands at 62,843 calls and 25,413 puts, a put/call ratio of 0.40, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $13.50 strike is 39.5%, which implies the market expects a move of about ±$0.2819 (2.1%) in TeraWulf stock by expiration.

The most open interest sits at the $16.50 call (9.61K contracts) and the $13.00 put (8.59K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

WULF options chain · October 9, 2026

WULF calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
28	5	1018.8%	8.72	8.60	8.80	5.00	0.00	0.01	0.01	750.0%	1	3
15	8	706.3%	6.65	6.60	6.80	7.00	—	—	—	—	—	—
—	—	—	5.57	—	—	8.00	—	—	0.06	—	—	—
8	365	468.8%	4.67	4.60	4.80	9.00	0.00	0.20	0.06	543.8%	1	57
—	—	—	3.57	—	—	10.00	0.00	0.01	0.02	250.0%	1	21
9	2	215.6%	2.77	2.48	2.85	11.00	0.00	0.01	0.01	187.5%	1	33
5	4	260.9%	2.10	2.05	2.42	11.50	0.00	0.01	0.01	150.0%	11	134
—	—	—	1.73	—	—	12.00	0.00	0.94	0.02	414.1%	6	22
45	4	132.8%	1.14	1.12	1.27	12.50	0.00	0.16	0.02	157.8%	109	1,192
228	14	110.2%	0.72	0.70	0.77	13.00	0.00	0.01	0.01	50.0%	32	8,587
665	271	53.9%	0.22	0.22	0.26	13.50	0.01	0.02	0.02	25.0%	875	3,954
WULF $13.65
1,644	1,095	42.2%	0.01	0.01	0.02	14.00	0.28	0.30	0.30	—	947	3,934
3,942	343	62.5%	0.01	0.00	0.01	14.50	0.73	0.81	0.80	—	241	4,047
8,288	3,846	87.5%	0.01	0.00	0.01	15.00	1.23	1.40	1.24	140.6%	8	533
6,463	53	112.5%	0.01	0.00	0.01	15.50	1.72	1.91	1.82	182.8%	2	2,797
2,818	204	137.5%	0.01	0.00	0.01	16.00	2.10	2.39	2.34	196.9%	2	49
9,614	82	162.5%	0.01	0.00	0.01	16.50	2.58	2.95	3.40	279.7%	312	0
7,098	82	181.3%	0.01	0.00	0.01	17.00	3.20	3.40	3.25	264.1%	1	0
4,690	4	200.0%	0.01	0.00	0.01	17.50	3.70	3.90	3.75	290.6%	3	1
3,361	8	225.0%	0.01	0.00	0.01	18.00	4.20	4.40	4.28	315.6%	3	17
543	7	392.2%	0.12	0.00	0.20	18.50	4.70	4.90	4.67	340.6%	1	0
2,608	5	262.5%	0.01	0.00	0.01	19.00	5.20	5.40	5.32	362.5%	4	3
2,554	2	275.0%	0.01	0.00	0.01	19.50	5.65	5.90	5.82	384.4%	6	0
215	2	318.8%	0.01	0.00	0.02	20.00	6.20	6.35	6.24	100.0%	1	0
1,861	2	312.5%	0.01	0.00	0.01	20.50	6.70	6.95	7.02	487.5%	2	13
5,044	7	350.0%	0.01	0.00	0.02	21.00	7.20	7.40	7.36	446.9%	5	3
349	1	337.5%	0.01	0.00	0.01	21.50	7.70	7.90	7.87	465.6%	3	2
98	1	387.5%	0.01	0.00	0.02	22.00	8.20	8.40	8.35	484.4%	4	1
64	1	393.8%	0.36	0.00	0.02	22.50	8.70	8.95	8.85	568.8%	6	1
38	2	375.0%	0.01	0.00	0.01	23.00	9.20	9.40	9.24	518.8%	2	2
14	2	400.0%	0.01	0.00	0.01	24.00	—	—	10.30	—	—	—
370	2	425.0%	0.01	0.00	0.01	25.00	11.20	11.45	11.35	657.8%	2	2
109	2	493.8%	0.26	0.00	0.02	26.00	12.20	12.45	12.35	690.6%	4	4
52	3	475.0%	0.03	0.00	0.01	27.00	13.15	13.40	13.43	643.8%	1	1
3	1	587.5%	0.02	0.00	0.02	30.00	16.20	16.45	16.48	803.1%	2	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the WULF put/call ratio?

For the October 9, 2026 expiration, the WULF put/call ratio based on open interest is 0.40 (25,413 puts vs 62,843 calls), and 0.40 based on today's volume. A ratio above 1 means more puts than calls.

What is WULF's implied volatility?

At-the-money implied volatility for WULF options expiring October 9, 2026 is about 39.5%, an annualized estimate of how much the market expects TeraWulf stock to move.

How many WULF option expiration dates are there?

WULF has 19 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.