Options markets lit up this week around chip and cloud names. Macro headlines drove the action. Chip stocks whipsawed on Iran war fallout and AI spend fears.
NVDA carries the most active options expiry calendar. It lists 24 expiry dates through September 2026. That breadth shows sustained trader engagement. Short sellers are barely involved — SI sits at just 1.3% of free float. That means most of the action is bullish positioning, not hedging against a short book.
META similarly runs 28 expiry dates out to late September. News that the company plans to sell excess AI compute capacity as a cloud service broke today. Options traders have been loading up on near-dated calls. SI is just 1.4% of free float. Availability is essentially unlimited.
CRM caught a fresh Guggenheim upgrade to Buy with a $228 target today. Options flow responded. The nearest expiry is July 2. That is unusually tight. It suggests traders are placing short-term directional bets on the upgrade momentum.
WDC got a Bank of America price target lift to $732. Its options chain runs to September. SI stands at 7.3% of free float — the highest of this group. That elevated short interest makes it the one name where puts and calls are most likely to clash.
TSLA hovers at 3% SI. Options remain densely populated across dates, a sign of active retail speculation heading into Q3.
This article 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.
