Memory and AI chip stocks are drawing the biggest options bets in the market right now. Micron Technology and Sandisk Corporation top the ORTEX options activity rankings this week. Sandisk is up 411% year-to-date. That kind of move draws traders.
Sandisk's negative bets lead the US mid/large-cap universe. Options flow ranks it first for bearish wagers over the past seven days. The stock carries a 73.6% analyst upside target — but options traders are clearly less convinced.
Micron leads the bullish side. Positive bets rank it number one among large-cap US stocks. MU has surged over 207% this year. Analysts see another 71% upside from current levels. The RSI at 47.6 suggests buyers haven't pushed it into overbought territory yet.
NVIDIA shows up on both sides of the ledger. It sits near the top for both positive and negative bets. That split signals uncertainty rather than conviction. Earnings aren't due until Q2 2027.
CoreWeave is a name to watch. Short sellers retreated sharply after its recent earnings print. Its short score sits at 62. The next test comes Monday. Options traders appear to be positioning ahead of that move.
Advanced Micro Devices also features in the top-five for negative bets. AMD has run 126% in 2026. A crowded long trade invites hedging activity.
The broader theme is clear. Chip stocks are the most active options arena right now. Earnings season is the catalyst. Traders are paying up for protection and upside across the same names.
This article is for informational purposes only and does not constitute 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.
