Earnings Week Puts Bears Into Overdrive

Options markets are active this week. Earnings from MU, FDX, and CCL are driving heavy positioning across the board.

Micron Technology draws the most attention. The stock carries an ORTEX total score of 91.0. Momentum alone hits 90.6. That strong backdrop is pushing call activity ahead of its earnings release this week. Short interest sits at just 3.3% of free float — bears are not crowding in.

FedEx reports this week too. Short interest is only 1.7% of free float. Options expiries cluster tightly around June 26. Traders are buying near-dated contracts, betting on a sharp move in either direction post-results.

Salesforce tells a different story. Bears are piling in — ORTEX flagged it among names in the crosshairs this week. SI sits at 5.5% of free float. Availability of shares to borrow stands at 666% of short interest. There is no shortage of conviction among shorts here.

Tesla has options expiries spread across every week through September. Its SI is 2.9% of free float. Near-term expiries on June 22 and 24 point to tactical bets rather than structural positioning.

NVIDIA remains the market's mega-cap anchor. SI is just 1.3% of free float. A Fed rate-hike signal, flagged by FT Markets today, could ripple through AI names fast. Watch the June 26 expiry for any sudden sentiment shift.