TeraWulf’s 1.9% Rally Hits 273rd Volume Rank Amid Bearish Options and 7-17 Price Targets

On September 2, 2025, TeraWulf (WULF) closed with a 1.90% increase, trading at $9.24 with a volume of $0.40 billion, ranking 273rd in market activity. The stock’s recent performance reflects a mix of institutional and retail investor activity, with notable options trading signaling divergent market expectations.

Options data reveals a bearish tilt among major players, with 67% of large-money trades classified as bearish compared to 28% bullish. A total of $963,370 was allocated to put options, while calls accounted for $590,651. Key trades included a $158,800 call sweep at a $9.00 strike price and a $139,700 put trade at $10.00. Analysts note that such activity often precedes significant price movements, with targeted ranges between $7.0 and $17.0 over the past three months.

TeraWulf, a digital asset technology firm specializing in sustainable bitcoin mining, generates revenue through mining operations and third-party hosting services. Recent analyst ratings highlight a consensus target price of $12.9, with five firms maintaining Outperform or Buy ratings. Notable price targets include $15 (Northland Capital Markets), $14 (B. Riley Securities), and $13 (JMP Securities), underscoring confidence in long-term growth potential.

Backtest results from a 20-day trading strategy demonstrated a 27% average return, aligning with bullish sentiment from institutional traders. The strategy emphasized timing entries based on volume and open interest shifts, particularly around key strike prices. These findings reinforce the importance of monitoring options activity as a leading indicator for TeraWulf’s price trajectory.