Options flow this week shows a clear split between chips and memory stocks.
MaxLinear tops the ORTEX options score rankings. Nearly 95% of its options bets this week were bullish. The mid-cap semiconductor stock is up 330% year-to-date. Q2 earnings are due soon. Traders are loading calls ahead of the print.
SiTime Corporation also shows strong bullish options flow. Over 93% of weekly bets skewed positive. Its $14.6bn market cap and 57% YTD gain reflect growing demand for precision timing chips.
On the bearish side, Sandisk Corporation drew the largest volume of negative options bets among large-cap names this week. The storage giant is up 486% YTD. Bears are pushing back hard. Micron Technology ranks second for negative bets. Its stock has tripled in 2026. Both sit in a sector where options sellers appear increasingly nervous about stretched valuations.
Tesla and NVIDIA also feature in heavy negative flow. TSLA is down 18% YTD. Its RSI sits at 39, near oversold territory. NVDA, despite its $4.9 trillion market cap, shows a flat 9% YTD gain. Both attract large put flows heading into earnings season.
The broader picture: bulls are chasing beaten-up semis like MaxLinear. Bears are fading the big memory trade. With Q2 earnings season in full swing, options volumes across the sector are elevated.
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.
