Options flow this week is painting a clear divide. Bullish bets are piling into semiconductors. Bearish pressure is building on some of last year's biggest winners.
NVDA and MU lead positive options bets over the past seven days. Both stocks sit at the top of ORTEX's bullish options-flow rankings. AMD is not far behind, up 121% year-to-date and attracting fresh call interest. The chip rally narrative is clearly driving derivatives activity, with semiconductor names dominating positive-bet flow across the US market.
The bear side tells a different story. APP carries the most negative options bets over the past week. The ad-tech firm is down 53% year-to-date. Its RSI sits at just 28 — deep in oversold territory. That combination of a battered stock and heavy put flow suggests traders are not yet calling a bottom.
ROKU tops the ORTEX 7-day options score among mid-caps. It holds an RSI of 68 and is up 39% year-to-date ahead of its Q2 results. The bullish options score points to call buyers betting on an earnings beat.
MSTR carries an unusual signal. It is down 37% this year. Yet analysts see 138% upside to their target price — the widest gap in this dataset. Options traders appear split on whether that gap gets closed higher or lower.
SCHW ranks high on options score with a $186bn market cap and an RSI of 68. It has upcoming results and a 16% analyst upside. Bullish call flow aligns with that setup.
Volatility itself is easing. FT Markets notes the VIX has fallen to pre-conflict levels. That shift often triggers a rotation from protective puts toward calls — consistent with the bullish chip-sector flow seen this week.
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.
