Triple-Witching Monday: Tesla, Chips, and Dell Dominate

Tesla Faces Regulatory Heat

TSLA is under pressure this morning. Reuters reported the company gave European regulators misleading Full Self-Driving safety data. The story breaks on a key options day — June expiry sees Tesla with 25 active expiry dates. Put interest in near-dated contracts looks elevated. Bears already held a meaningful short position coming into today's session.

Chip Stocks: Bulls and Bears Collide

NVDA carries the deepest options chain on the market. Insiders filed $224 million in sales earlier this month as the stock trades near all-time highs. Analysts lifted MU's average target to $867 from $829, a $38 jump. Meanwhile, TSEM — Tower Semiconductor — is up around 5% premarket on fresh buying interest. Today is triple-witching, so volatility across chip names is elevated.

Dell Insider Selling Stands Out

Four DELL insiders filed nearly $699 million in combined sales this week. That is the largest insider selling cluster among US-listed stocks right now. The scale of the exit warrants attention, even with shares near highs.

Short Interest: Wolfspeed and New Entrants

WOLF sits at 95.7% SI % FF with zero shares available to borrow. Any catalyst could spark a violent squeeze. New entrant CBRS — Cerebras Systems — saw short interest jump nearly 20 percentage points in a week to 25.6%. On the other side, AXTI saw short interest drop 20% in one week to 16.2%, with cost to borrow falling to 0.45%.

Europe and Earnings Watch

Belgian grocer Colruyt Group reports full-year results tomorrow. CarMax and Jabil headline Wednesday's busy earnings slate. Consumer credit trends and supply chain health will be in focus.