Call flow is dominating the options market this week. Semiconductor stocks are pulling in the most bullish bets across US exchanges.
Micron Technology tops the list for positive options bets over seven days. The stock is up 240% year-to-date. Analysts see a further 55% upside from current levels. Options buyers are siding firmly with that call camp, not the bears.
SanDisk Corporation is the more striking story. Shares have soared 591% year-to-date. That kind of move would normally invite put buyers hedging gains. Instead, bullish bets still dominate its options flow. The ORTEX stock score sits at 95, near the top of the US market.
NVIDIA and Advanced Micro Devices also rank among the top five for positive options volume. Both are building on strong earnings seasons. AI infrastructure demand is keeping call premiums elevated.
Roku stands out outside the chip space. The streaming hardware name carries the highest options score of any stock screened this week. RSI sits at 78. That suggests call buyers are chasing momentum ahead of its Q2 results.
On the bearish side, Wolfspeed draws the most negative bets. The chipmaker faces heavy short interest and a difficult path to profitability. Put activity has accelerated. Chewy also attracts net negative options flow as short sellers maintain pressure.
The broader picture is bullish. Falling US inflation and a strong earnings season are fuelling risk appetite. Meta Platforms and Microsoft both show positive options bets despite mixed year-to-date price performance. Investors appear to be positioning for a second-half recovery.
This article 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.
