Options Flow Flags Semis, Memory Chips

Bearish options bets are concentrating in a handful of high-profile names today. Sandisk and Micron Technology sit at the top of both positive and negative bets tables. That two-way pressure signals heightened options activity ahead of key memory chip data points.

Micron leads the bullish call-buying flow. Its stock has surged 201% year-to-date. Analysts see 74% further upside on average. Yet negative bet volume is rising in parallel. That suggests hedgers are active alongside bulls.

Sandisk tells a similar story. The stock is up 421% this year. Put buying has picked up even as call volumes stay elevated. Traders appear reluctant to chase the rally without protection.

Advanced Micro Devices and NVIDIA show elevated negative bets over the past seven days. AMD is up 119% year-to-date. NVIDIA trades near its record high with a $5.4 trillion market cap. Both attract hedging flow at current levels.

On the bullish side, 100% of seven-day options bets for Trane Technologies and Brookfield Corporation are positive. These are low-short-interest names with steady upside profiles.

Tesla sits in both camps. The stock is down 26% year-to-date. Yet positive bets match negative ones. Options traders appear split on direction.

AppLovin stands out for its RSI of 31 — deep oversold territory. It is down 50% for the year. Call buyers appear to be building positions at depressed levels, anticipating a bounce.

This is not financial advice.