Earnings season is firing up options markets. ARM, GS, and NFLX are among the most-watched names right now.
Arm Holdings tumbled Tuesday after HSBC flagged a valuation alarm. Short interest sits at 12.3% of free float. That is the highest among large-cap chip designers. Options traders watch ARM closely around earnings-driven moves. A $319bn market cap leaves plenty of room for sharp swings.
Goldman Sachs delivered upbeat Q2 results. The stock moved higher on Tuesday. With short interest at just 2.1% of FF, the directional bet in GS options leans bullish. Call activity typically spikes after strong bank prints like this one.
The bigger story this week is the earnings queue. Netflix and UnitedHealth lead the parade of major reporters. NFLX short interest is 2.5% of FF. UNH sits at 2.0%. Both names attract heavy options volume into earnings weeks. Implied volatility tends to jump as traders position ahead of results.
FT Markets flagged a "risk-off" mood tied to US-Iran tensions. Oil climbed toward $87. That backdrop pushes defensive put demand higher across the board. Treasury ETF short interest also spiked 57% in a week. Institutional hedging is clearly intensifying.
Watch CrowdStrike and Zscaler — both moved higher Tuesday alongside GS. Cybersecurity call flows tend to follow momentum. Short interest in both names remains low, under 3% FF, leaving the path clear for call buyers.
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.
