Options markets are flashing unusual signals this week. Chips stumbled and geopolitical tension over Iran rattled indices. Traders responded fast.
EverCommerce carries the most extreme short squeeze setup in the US right now. Its short score sits at 95.5 and days-to-cover hits 23. That combination makes any bullish options flow immediately explosive. Bears are exposed.
Chewy is another name under pressure. Its short score of 57.8 and DTC of 2.8 are elevated. The stock is down 27% YTD. ORTEX flagged bears tightening grip this week. Put activity here reflects genuine downside conviction.
Chip stocks dominated macro headlines. Micron Technology surged 213% YTD and holds a near-perfect ORTEX total score of 90.8. Positive options bets in semiconductors this week were led by Micron and SanDisk, which is up 469% YTD. Both stocks drew the largest call-side bets across the US universe.
Lucid Group sits at a short score of 84.8. DTC is 7.3 days. Its short squeeze score ranks near the top. Any spike in call volume here could force rapid covering.
Quantum Computing shows a DTC of 7.7 days with a short score of 77. RSI sits at 53. Options traders buying calls into an elevated-short-score name are betting on forced covering.
NVIDIA drew the most total positive options bets. RSI is 61.6 with the stock still up 17.5% YTD despite this week's rebound failure. That pullback may be attracting dip buyers through calls.
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.
