The AI sell-off is reshaping options markets. Chip stocks tumbled Tuesday after South Korea's SK Hynix missed analyst expectations. The ripple hit NVDA hard. Short interest sits at just 1.4% of free float. But with the Nasdaq 100 briefly entering correction territory, put demand has been climbing sharply across tech names.
TSLA carries a short interest of 2.5% of FF. Its RSI stands at a deeply oversold 27. Tesla is down 31.6% year-to-date. That combination often attracts defensive put positioning. Availability of shares to borrow remains extremely high, suggesting shorts are not squeezed.
The biggest options story today is HIMS. The FTC filed a lawsuit alleging the telehealth firm sent user health data to META and Snap. HIMS short interest sits at 28.8% of free float. Availability of borrow is just 47%. With a short score of 70 and RSI at 41, put volume is likely elevated as traders react to the regulatory shock.
META is also in focus. It's down 10% YTD. Its RSI of 43 signals mild weakness. The company reports Q2 earnings shortly. Options players appear to be hedging ahead of results.
The Fed decision looms over everything. Broad market defensive positioning appears elevated. The put-heavy lean across semiconductor names reflects real uncertainty. Big Tech earnings this week will either confirm the AI correction — or reverse it.
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.
