Bears Eye Chips and AI Ahead of Expiry

Options markets are sending mixed signals this week. Three high-profile names — NVDA, TSLA, and PLTR — are drawing heavy attention as Friday's June 18 expiry looms.

NVDA carries the most open interest by far. The June 18 chain shows massive put positioning at deep out-of-the-money strikes. Bears have piled in despite a light short interest of just 1.2% of free float. ORTEX news flagged short sellers rebuilding positions in AI chips this week. The options market appears to agree.

TSLA has nine expiry dates before end of June alone. That density signals elevated speculative activity. Short interest sits at 2.7% of free float. Analysts cut PLTR targets this week. Palantir's options chain shows thin near-term expiries — just June 18, then a gap to June 26. That sparse structure often precedes a vol squeeze.

GILD is one to watch too. Analysts backed the stock on Friday. Call activity into the July expiry may reflect fresh bullish positioning ahead of any catalyst.

Gold and oil are both moving sharply on Iran diplomacy. That macro backdrop is lifting defensive put demand across the broader market. The June 18 expiry is shaping up as a key pin risk date. Traders should watch for gamma pressure on NVDA above $200.

This is not financial advice. Options data sourced from ORTEX.