Options markets are heating up ahead of a packed earnings calendar. Several names show sharp shifts in sentiment this week.
GE Vernova options hit a 52-week high in defensive positioning. The $284bn energy infrastructure giant reports Q2 results imminently. Short interest stands at 4.2% of free float. Availability of shares to borrow is extremely high at 1,624%. Bears are not piling in — but options traders are bracing for a move.
Otis Worldwide is the standout call-side story. Call options surged just as short sellers built fresh positions ahead of its Q2 print. SI sits at 4.3% of free float. The divergence between rising calls and rising shorts signals a two-sided market with no clear consensus.
Alphabet heads into its Q2 print with bulls dominating. Short interest is just 1.5% of free float. Bears have been quietly trimming positions. Street consensus remains bullish. The $2 trillion giant faces high expectations.
TE Connectivity options bulls hold the floor ahead of its July 22 earnings. SI is 2.9% of free float.
Intel also draws attention. SI is 2.8% of free float with borrowing costs still cheap at 0.31%. Options flow will be key as the chipmaker navigates a critical reset period.
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.
