A busy earnings calendar is shaping options positioning this week. Micron Technology and FedEx head a slate that includes Datadog and Albemarle. Traders are loading up on near-term expiries.
MU has the most active options term structure. 23 expiry dates stretch from next week through late September. Earnings fall next week. Options activity is clustering around the June 25–26 window. Short interest sits at just 3.3% of free float. That means the positioning is driven by earnings volatility bets, not short-covering pressure.
Accenture fell sharply after earnings. Its options chain shows heavy put-side interest into July. SI stands at 4.5% of free float. Availability remains wide at 962% of SI. Bears have room to press.
ALB stands out for short sellers. SI is 9.1% of free float — the highest in this group. The lithium miner rose this week despite that bearish overhang. Options expiries cluster in late July and August. That suggests traders expect near-term volatility but are not yet committing to a directional swing.
NVDA carries an ORTEX stock score of 83.4. Momentum ticked up from 51 in late May to over 62 in June. Its options chain runs deep, with 25 expiries out to September. Near-term expiries through June 26 are the most active.
FDX reports this week too. Its options chain is thinner with just nine expiry dates. Short interest is only 1.6% of free float. Options players appear focused on the earnings binary rather than sustained directional bets.
This article is not financial advice.
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.
