The semiconductor sector is dominating options flow this week. Micron Technology and Sandisk Corporation top both the bullish and bearish bets leaderboards. That two-sided action signals a sector at an inflection point.
Micron leads positive options bets over seven days. It also ranks second for negative bets. The stock is up 219% year-to-date. Traders are clearly split on whether the rally has more room to run.
Sandisk tells a similar story. Up 466% in 2026, it ranks first for bearish bets and second for bullish ones. The RSI sits at 47 — not yet oversold, but fading fast from highs.
NVIDIA draws heavy put flow too. The stock carries a $5.3 trillion market cap. Options bears are circling despite a 20% year-to-date gain.
On the bullish side, Advanced Micro Devices attracts strong call flow. AMD is up 125% this year. Its analyst return potential sits at 27%, suggesting the Street sees more upside.
AppLovin stands out as a contrarian call. Down 55% year-to-date, its RSI has collapsed to 26.6 — deep oversold territory. Positive options bets are building. That pattern often precedes sharp short-covering bounces.
Roku scores the highest options momentum of any name this week. Its 7-day options score ranks top of the US market. RSI is 70, and the stock is up 40% in 2026. Bulls are pressing their bets ahead of Q2 results.
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.
