Bears Flood Options in Beaten-Down Names

Options sentiment is clearly bearish for several high-profile losers. Hertz Global Holdings carries a short score of 77 and an RSI of just 26.7. The stock is down 69% year-to-date. That oversold reading hasn't stopped bears piling in. Days to cover sits at 13.5 — any squeeze could be violent.

Chewy tells a similar story. The pet retailer is off 31.6% in 2026. Its short score of 59.8 and DTC of 3.3 show sustained bearish positioning. Analysts still see 37% upside. Options traders are not listening.

On the bullish side, PBF Energy leads the ORTEX options score rankings. It has surged 167% year-to-date. Its RSI hit 75 — overbought territory. Positive options bets dominate the flow there.

Chip stocks dominate the macro backdrop. Micron Technology is up 188% year-to-date and tops ORTEX stock scores at 95.7. Analyst upside is 85%. Options negative bets on Micron rank among the highest in the market by dollar value — a sign that some traders are fading the rally.

Advanced Micro Devices is up 122% in 2026. It also attracts heavy negative bets despite strong momentum. South Korean chipmaker stocks surged 18% this week after AI optimism rebounded. That ripple is visible in AMD and NVIDIA flow.

Tesla stands out differently. Its RSI is only 31.7 — deeply oversold. It is down 31% year-to-date. Analysts see 28% upside. Options negative bets remain elevated. A sentiment reversal there would catch many traders wrong-footed.

This is not financial advice.