Chips Bear the Brunt of Options Selling

AI chip stocks are drawing the heaviest bearish options flow this week. A deepening tech sell-off, flagged across major financial media on July 28, is pushing put activity sharply higher in semiconductors.

NVDA sits at RSI 42 after a year-to-date gain of just 5.4%. Negative options bets are clustering in the stock. AMD tells a different story on price — up 131% year-to-date — but its RSI at 45 signals fading momentum, and bearish options volume has picked up alongside.

TSLA carries the weakest RSI reading among large-caps at 27.3. It is down 31% year-to-date. Bearish options flow is elevated. The stock is approaching deeply oversold territory, which can trigger violent short-term reversals.

Micron tops the negative-bets league table among large-caps this week, despite a stunning 215% YTD rally. Options traders appear to be hedging or fading the run. RSI sits at 45 — neutral but rolling lower.

On the bullish side, Duke Energy and McKesson both show 100% positive options flow over the past week. Defensive utilities and healthcare names are attracting call-side bets as investors rotate away from tech.

Circle Internet Group is a wildcard. Short interest jumped 21.3% in one week to 12.8% of float. Options traders are watching closely for a squeeze setup.

Oil-linked names like Baker Hughes got a fresh analyst price target raise to $72 today, even as crude fell 6% on Iran-US tensions easing. Energy options flow remains mixed.

This is not financial advice.