This week's options market is heavily shaped by earnings catalysts. Three high-profile names — KR, PGR, and KMX — all have June 18 expiry options open. That is just four days away. Traders are loading positions ahead of results.
Kroger saw a sharp short interest spike on June 9. SI jumped from 4.06% to 4.95% of free float in a single day. That is a 22% one-day rise in short positions. Options on the June 18 expiry are now in focus. Bears may be positioning through puts.
Dell Technologies carries the most expiry dates of any name tracked today. It has 18 active expiries running through September. Silver Lake dumped $472 million worth of Dell shares this week. That kind of block sale often drives elevated put activity in the near term.
Car rental names Hertz and Avis Budget Group are also generating interest. Short sellers have been eyeing both stocks. Options on both extend out to September, offering room for longer-dated bearish bets.
CrowdStrike rounds out the active expiry names in cybersecurity. It carries options through August and September. Its ORTEX stock score sits firmly in growth territory, making it a target for both directional and hedging plays.
With June 18 quadruple-witching approaching, expect elevated volume across all these names into the close of the week.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
