Tech Chips and Earnings Drive Options Flow

Semiconductor and AI names dominate options activity on June 24 as chip stocks slide and key earnings loom.

NVDA sits at the center of attention today. The Nasdaq fell for a second straight session with NVDA under pressure on rate-rise worries. Its options chain runs dense near-term expiries through late September. Short interest is lean at just 1.2% of free float. That limits downside squeeze risk but keeps call buyers active on any dip.

MU reports earnings this week. Its options chain shows unusually tight expiries — including a rare June 25 expiry date. That signals elevated short-dated activity around the event. Short interest sits at 3.4% of free float. The market cap stands at $1.37 trillion.

SMCI stands out for a different reason. Short interest is 13.7% of free float. Availability is 177% of SI, meaning borrow remains accessible. But with a new NVIDIA-validated GPU partnership announced today, call-side pressure is building. Options expiries cluster into late August — traders are positioning beyond the near term.

NKE also reports this week. Its ORTEX stock score shows weak value metrics. Options availability is ample at 1,311% of SI. That points to a low-conviction, range-bound setup ahead of results.

TSLA carries a total ORTEX score of 67. Momentum dipped slightly in recent sessions. Its options chain is the most active, with expiries every few days through September. Elon Musk's comments today on US-made content could fuel near-term call flow.

This is not financial advice.