Chip stocks and consumer names are drawing the most attention in options markets as July opens, with diverging signals worth watching.
NVDA leads the semiconductor complex with 24 active expiry dates. Options chain out to September 2026. Its ORTEX stock score sits at 82 out of 100. Momentum has slipped from 62 in mid-June to 53.5 today — a notable fade heading into Q2 earnings season.
AMD shows a similar pattern. Its score momentum fell from 62 to 53 over the same stretch. Both names report next month. Options traders appear to be positioning for earnings vol rather than directional bets.
NKE is the standout bearish signal. Analysts cut the stock this week. Short interest jumped sharply — from 3.76% of free float on June 19 to 5.03% by June 29. That is a 34% rise in shorts in just 10 days. NKE options run only through August, suggesting near-term hedging demand.
UAL was upgraded by analysts today. Options expiries stretch into September. Its SI % FF stands at 4.6%. Airlines remain a split-market call — bullish analyst views clash with meaningful short positions.
STZ reports earnings today. Its SI % FF sits at 4.9%. Options expiries run to September 1. Traders are watching for guidance on tariff impacts to alcohol imports.
The clearest options signal today: bearish positioning in consumer discretionary names, steady accumulation in chip calls into earnings, and a volatile session ahead for reporting companies.
This is not financial advice.
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.
