Options traders turned decisively bullish ahead of a packed earnings calendar. The signals are clear across several names.
Johnson Controls International topped the bullish options leaderboard. Positive bets made up 97% of total options flow over the past week. The building-products giant is up 27% year-to-date. Traders appear to be pressing that run higher.
Johnson & Johnson showed similar conviction. 94% of options flow was bullish. The pharma giant carries a $625 billion market cap. Its next earnings report is now firmly in traders' sights.
UiPath stood out as a software name drawing strong call interest. Nearly 98% of options bets were positive. That comes despite the stock being down 8% year-to-date. RSI sits at 74, suggesting real momentum behind the positioning.
On the bearish side, Lucid Group flipped hard. Only 2.5% of options flow was bullish. The EV maker is already down 33% in 2026. A short score of 84 confirms bears dominate this name.
Texas Pacific Land attracted heavy put flow too. Just 3.3% of options bets were positive. Days to cover hit 18.3. That's an extreme reading. It suggests unwinding could be violent if sentiment reverses.
Praxis Precision Medicine was the sharpest bearish outlier in biotech. Only 13% of bets turned positive this week. The name has a high short score of 64 and carries a 6.7-day DTC.
Earnings for Cisco Systems and Applied Materials land this week. Both are semiconductor-adjacent names. Options positioning ahead of those prints will be worth watching closely.
This article 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.
