Options sentiment is sharply split this week. Bullish bets dominate the semiconductor space. Bears are piling into beaten-down names.
Micron Technology tops the positive options bets leaderboard with an ORTEX options score pointing firmly bullish. The stock is up 219% year-to-date. Analysts see another 65% upside from here. Options flow backs that view — the 7-day positive bet ratio is stacked in bulls' favor.
Sandisk Corporation tells a similar story. Up 466% YTD, it carries the highest ORTEX stock score in the screener at 94.92. Positive options bets outpace negative ones. Traders are not fading the rally.
The starkest bearish signal sits in AppLovin Corporation. The stock is down 55% year-to-date. Its RSI14 sits at just 26.6 — deep in oversold territory. Negative bets dominate the 7-day options flow. Analysts still see 82% upside to target price. The market disagrees sharply.
Earnings week adds fuel. Home Depot, Target, , , and all report this week. Options flow around these names is elevated ahead of results. tops the ORTEX options score ranking among large-caps. Its RSI14 of 73 signals momentum traders are still buying calls.
Roku also screens high on options score. Up 40% YTD with an RSI near 70, call positioning dominates.
The split is clear: money is flowing into semis and defense calls. Bears are using AppLovin puts to play the wreckage.
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.
