$WULF Whale Drops $1.83 MILLION on 18 PUTS (Aug 2026) — 18% OTM Bearish Bet!
Unusual Whales just flagged a massive bearish options flow on TeraWulf ($WULF):
- WULF 18 Put (08/21/2026) — 101 days to expiration
- Volume: 8,896 contracts
- Open Interest: 824
- Average fill: $2.05
- Premium paid: $1,826,447
- 18% out-of-the-money
This is a deep, long-dated put purchase on the Bitcoin mining name. Someone is paying up big for downside protection (or outright speculation) through August 2026 — well beyond the usual short-term noise. With BTC miners still highly leveraged to Bitcoin price, this whale is clearly positioning for a potential pullback in $WULF or broader crypto weakness.
— this is one of the largest single-strike put flows we’ve seen today. Is this smart money hedging ahead of volatility… or a high-conviction bearish bet? Drop your take below Are you watching $WULF or other miners for downside? Not financial advice. DYOR. #WULF #UnusualWhales #OptionsFlow #BitcoinMining #Crypto
Posted May 12, 2026, 2:44 PM UTC