Options Expiry Day Shakes Up Chips, Bears, and a Big Deal

Triple Witching Hits Today

June options expiry — a triple-witching event — is shaping markets on June 15. NVDA carries the deepest options chain of any stock, with 29 active expiry dates. Chip stocks fell last week then bounced hard, creating heavy near-term swing trading activity. TSLA faces added pressure today after Reuters reported the company gave European regulators misleading Full Self-Driving safety data. Put interest in near-dated Tesla contracts looks elevated.

Qualcomm Eyes an AI Chip Deal

The biggest deal story of the day: QCOM is in talks to acquire AI chip startup Tenstorrent at a valuation of $8B–$10B, according to The Information. The move would expand Qualcomm's AI silicon capabilities. It adds to a week already defined by heavy chip-sector activity, with analysts quietly raising targets on TXN and ON.

Short Sellers Stay Busy

Bears made aggressive moves this week. CBRS short interest spiked 24 percentage points to 30.3% of free float. Borrow availability is just 0.6% — new shorts are nearly impossible to open. CELH also saw SI jump 22% to 18.7% of float, even as broader markets rallied.

Big Insiders Cash Out

DELL saw $776M in Silver Lake share sales between June 2–10. NVDA director Mark Stevens filed a $199M sale on June 4. The Walton family filed $510M in WMT sales across late May and early June — five separate filings in under two weeks.

Gilead Gets FDA Nod

GILD received FDA acceptance of a supplemental application for its Yeztugo 300mg tablet today. The regulator set a February 2, 2027 action date. Healthcare names are active across both short interest and options markets this week.