Anthropic and Terawulf signed a $19 billion, 20-year deal
Terawulf Inc (NASDAQ:WULF) is up 7.5% to trade at $22.74 this afternoon, set to snap a seven-day losing streak, thanks to its newly penned deal with Anthropic. The AI infrastructure concern has agreed to build a $19 billion dollar data center just outside Louisville, KY. The lease will span 20 years.
Despite last week's drawdown, WULF has outperformed over the past 12 months, up 330%. The ascending 80-day moving average captured Thursday's selloff, marking the last session of what became Terawulf stock's longest losing streak since April 2024.
This bounce may have been on the way already, considering the stock's 14-day Relative Strength Index (RSI) of 28, well into "oversold" territory.
Put traders have been circling, too, leaving ample room for bulls to move in, should this bearish attention begin to unwind. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Terawulf's 10-day put/call volume ratio of 1.02 ranks in the highest annual percentile.
Today the skew tilts toward call traders. At last look, over 170,000 calls have changed hands today, volume that's 1.9 times the average intraday amount and nearly triple the number of puts exchanged. The weekly 7/10 10-strike call is the most popular, while July 25 call is seeing notable attention as well.