Options markets are sending a split signal on August 15. Bulls are piling into retail names. Bears are circling chips.
Roku tops the ORTEX options score leaderboard this week. Its RSI sits at 73.7. Options bets are skewing positively. The stock is up 42% year-to-date and earnings are coming soon — traders are positioning for a pop.
Target carries an RSI of 74.1 and is up 59% year-to-date. Options activity around its Q2 earnings is heating up. Days to cover stands at 2.9. A short squeeze cannot be ruled out if results beat.
Chips face the opposite pressure. Applied Materials sits at a neutral RSI of 49.5. Analysts cut the name in today's session. ORTEX shows 18.6% upside to analyst consensus — but options flow is muted, not bullish.
Micron Technology is the standout outlier. The stock is up 232% year-to-date. Analysts see 58% further upside. Days to cover is just 0.15 — bears are not pressing. Options positive bets rank highest among semis this week.
Intel has surged 183% in 2026. Its RSI of 53.4 signals no overbought extreme. Options volume is elevated ahead of its next earnings print.
The macro backdrop adds weight. Iran-linked geopolitical risk is pushing defensive flows across assets. Watch for volatility spikes if tensions escalate further into the weekend.
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.
