Bulls Load Calls Before Key Prints

Options traders are sending bullish signals ahead of a busy earnings week. Several names show clear positioning shifts.

GeneDx Holdings stands out. Call loading has been flagged as notable ahead of its upcoming print. Short interest sits at 24.6% of free float — elevated but down sharply from a peak of 26.4% just two weeks ago. That short cover, paired with call accumulation, points to genuine bullish conviction into results. The June 18 expiry is the most immediate trigger.

FedEx options are active ahead of earnings this week. Both June 18 and July 17 expiries show open interest. FedEx is part of a broader earnings wave also including Carnival, whose cruise sector peers received analyst upgrades Tuesday. Options on Carnival run out to September 18, suggesting longer-dated bets on the recovery trade.

MARA Holdings carries elevated short interest. Borrow conditions have recently eased. That combination — heavy shorts, cheaper borrow — can fuel hedging flows in puts, but also sets up a squeeze if results surprise.

NVDA has the most expiry-dense options chain of any name tracked today. 27 distinct expiries run through September. That density signals institutional layering across timeframes. The semiconductor giant's options market shows no sign of cooling.

General Motors attracts attention after unveiling the 2027 Silverado, targeting Ford and Ram directly. Near-term options expire June 18, with September 18 as the longest-dated expiry.

This article is not financial advice.