Micron Technology sits at the center of today's options market. The stock reports earnings this week. Its ORTEX score hits 90.4 out of 100, with momentum at 91.5. Options expiries are stacked across every week through September.
The SK Hynix US listing is a wildcard. Analysts warn it could eat into MU's market share. That news is driving hedging demand. Open interest is building at the July 17 expiry. Short interest stands at just 3.4% of free float. Borrowing costs are near flat at 0.47% APR. Bears are not crowded — yet.
NIKE reports later this week too. Short interest is 4.1% of free float. Availability is high at 872%, meaning shorts can still pile in cheaply. Options expiries cluster at June 26 and July 17. Sentiment heading into the print is cautious. The stock has lagged peers badly this year.
Macro headwinds add to the options mood. The Hormuz Strait blockade has stranded nearly 1,200 cargo ships. That hits global supply chains hard. SPY has near-daily expiries through August. Traders are using short-dated puts to hedge weekend risk.
NVDA options remain active with expiries through September 18. South Korean chip volatility from Samsung and SK Hynix is spilling over. Watch the July 17 expiry closely across semis — it is the key battlefield this earnings season.
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.
