Bears Eye Chips as Wolfspeed Shorts Hit Extreme

Options markets are on edge this week. Chip stocks are sliding. NVDA leads the Nasdaq lower on rate fears. Short interest sits at just 1.25% of free float, but options expiries stack up daily through June 30.

MU reports earnings this week. Options chains run through September 24. That dense expiry calendar signals elevated hedging activity around the print. Short interest is 3.4% of free float.

NKE is another earnings watch. Options expiries extend to September 18. Short interest is 4% of free float. Availability is 1,311% of SI — easy to borrow. Traders are loading hedges ahead of the result.

The standout name is WOLF. Short interest hit 104.7% of free float. Cost to borrow is 8.99% APR. Availability is zero. Bears are fully committed. ORTEX data shows AI-linked shorts at fresh highs for the name.

AMAT insiders sold over $100M recently. Options run to September 18. Short interest is 2.64% of free float.

AMD faces expiries through September 10. Short interest is 2.79%. The Nasdaq decline is keeping put buyers active across the chip complex.

SpaceX's debut rally also reversed sharply, down more than 16%. That adds broader risk-off pressure to options sentiment today.

This is not financial advice.