Options markets are flashing mixed signals on August 12. Bears and bulls are both placing big bets in semiconductors.
NVDA and MU sit at the top of both bullish and bearish options flow lists. That split is rare. It signals high conviction on both sides ahead of NVIDIA's Q2 2027 print. Micron is up 202% year-to-date. Options positioning reflects uncertainty about whether that run continues.
AMD features in the top negative bets table. Its RSI sits at 44. That puts it in mild oversold territory. Bears are loading up despite a 119% YTD gain.
HONA — Honeywell Aerospace — is drawing attention. ORTEX flagged its options as "their most defensive all year" heading into earnings. The RSI reads 33. That is approaching oversold levels. Traders are buying protection.
SMTC screens high on positive options flow. The semiconductor stock is up 78% this year. Analysts see 56% further upside. Options traders appear to agree.
AppLovin stands out on the other side. It is down 50% year-to-date. Its RSI is just 31. Bearish options bets are building. Iran-related geopolitical risk is adding a macro overlay to all these flows. Chip stocks are sensitive to export controls. That context makes the split positioning in INTC — up 164% YTD — harder to read. Options markets are not offering a clear directional verdict. They are pricing uncertainty.
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.
