Options traders are loading up on near-term expiries across several high-profile names this week. Earnings from MU, FDX, and CCL are all due shortly. That is driving dense options calendars on these stocks.
MU has expiries stacked from June 24 through September. Short interest sits at just 3.3% of free float. Bears are not heavily positioned. That makes a large call-skew scenario plausible going into results.
FDX options thin out beyond July. The next expiry cluster sits at June 26 — just days away. Short interest is under 2%. Options activity here is likely event-driven rather than directional conviction.
LULU tells a different story. Short interest is 7.5% of free float. Options availability is 740%, meaning ample borrow exists. The street recently turned bearish on ACN while going big on . ACN short interest stands at 4.4%. Analyst sentiment has flipped negative there.
GME remains the outlier. Short interest hit 13.9% of free float. Availability has dropped to just 70%. That is a tight borrow situation. Any squeeze catalyst could amplify options moves sharply.
NVDA carries an ORTEX quality score of 88. Its momentum score edged up to 62 in mid-June. The options calendar runs all the way to September 18. Traders are spreading risk across multiple expiries rather than concentrating bets.
The clearest near-term signal sits with GME and LULU — both carry elevated short interest and active options chains heading into a busy earnings week.
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.
