Bears Circle Semis as Bulls Chase Memory Stocks

Options traders are drawing clear battle lines in the semiconductor space this week. Negative bets dominate for TSLA, NVDA, and META, yet the picture flips sharply for memory names.

MU leads the bull camp. Micron Technology sits atop the positive options bets ranking. Its stock has surged 191% year-to-date. Analysts see 82% further upside, and positive options flow is running at its highest 7-day level in the screen. That's a bold bet from the options crowd.

SNDK sits right behind Micron. Sandisk Corporation is up 443% year-to-date. Negative options bets are also unusually heavy — the name carries both the biggest bull and bear flows simultaneously. That two-way traffic signals a major directional bet is coming.

On the bear side, TSLA and AMD draw the heaviest put activity. Tesla is down 28% this year. Its RSI sits at just 36.8, approaching oversold territory.

BE stands out as a smaller name with unusual call traffic. Bloom Energy is up 151% year-to-date. Options buyers are still pushing bullish positions despite the massive run. Analysts see another 25% upside.

One Gas (OGS) is heading into earnings with bullish options positioning, bucking the broader defensive tone seen elsewhere in utilities this week.

This is not financial advice.