Options sentiment in the S&P 500 is skewing bullish this week. Union Pacific tops the index for positive options flow. Its RSI sits at 72.8. The stock is up 33% year-to-date. Earnings are due soon, and traders are positioning for a continuation.
Devon Energy shows the second-strongest bullish options score among S&P 500 names. Oil has pushed back above $100 a barrel. That backdrop is driving call flow across the energy sector. Marathon Petroleum — up 90% year-to-date — also shows strong bullish options sentiment. Traders appear to be hedging gains but also chasing further upside.
Bearish options bets are landing hardest on Royal Caribbean and Prologis. Both sit at the bottom of the S&P 500 options score table.
Outside the index, Hertz is catching heavy put interest. The stock has fallen 65% this year. Its short score stands at 75.8 — one of the highest in the US market. Days to cover hit 8.4. Analysts see 109% upside, but options traders appear unconvinced. RSI is 26, deeply oversold.
Palantir tells a different story. Short sellers are retreating ahead of earnings. Its short score has dropped sharply. The low DTC of 0.48 suggests bears can exit easily. Options traders watching the earnings clock may shift from hedges to calls.
Dell Technologies is up 248% year-to-date. Analysts just lifted targets. Its ORTEX stock score hits 83.7. Earnings options positioning will firm up ahead of its Q1 2027 report.
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.
