Options flow this week points squarely at semiconductor and memory names. Bullish bets dominate two of the most active large-cap counters in the US market.
Micron Technology tops the positive options bets leaderboard. Analysts see 81.7% upside to current prices. The stock is up 190% year-to-date. Its ORTEX stock score sits at 95 out of 100 — the highest in the US universe. Buyers appear to be positioning for a further leg higher.
Sandisk sits right alongside it. The storage hardware spinoff has surged 443% in 2026. It ranks at the top of both the positive and negative bets tables. That split signals two-sided positioning — traders are hedging as much as they are pressing bullish bets.
On the negative side, Tesla draws the third-highest put volume. The EV maker is down 28% year-to-date. Its RSI of 36.8 sits near oversold territory. Bears appear unconvinced a floor has formed.
The broader tech space is also active. NVIDIA and Advanced Micro Devices feature in both the bullish and bearish bets rankings. Earnings uncertainty ahead of AMD's upcoming results is likely driving two-sided flow.
Meanwhile, news of SpaceX's Starlink mobile plans threatening to poach customers from T-Mobile, Verizon, and AT&T adds a fresh macro angle. Telecom names could see options activity pick up if competitive fears grow.
On the bullish sentiment side, 100% positive options flow was recorded for BNY Mellon, Comcast, and PNC Financial over the past seven days.
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.
