Options sentiment turned decisively bearish heading into one of the busiest earnings weeks of the year. Short sellers piled into several names on Sunday, according to ORTEX data.
Hertz Global Holdings stands out as the most extreme case. Its short score hit 77, and DTC sits at 13.5 days. The stock is down 69% year-to-date. Options traders show no positive bets in the last week. The RSI stands at just 26.7 — deep oversold territory.
Palantir Technologies carries a short score of 32.6 but is off 16.5% YTD. Analysts see 24.8% upside. Bears built new positions ahead of earnings. Options activity was noted in ORTEX News as a key target this week.
Chewy also attracted bearish flows. DTC of 3.3 days and a short score of 59.8 make it a high-conviction bear target. The stock is down 31.6% YTD.
On the bullish side, Sandisk Corporation leads negative-bet volume in options by dollar value. Yet the stock is up 412% year-to-date. This divergence signals hedging more than outright bearish conviction.
Advanced Micro Devices reports Q2 results this week. It carries an RSI of 45 and is up 122% YTD. Bears are watching closely. A weak print could trigger aggressive put buying.
The broader tone is cautious. ORTEX News flagged multiple earnings-week short interest increases across industrials, pharma, and tech. Trader attention is squarely on the Q2 reporting cycle. Downside protection is the trade of the day.
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.
