Chips are the week's defining theme — from both sides of the trade. SanDisk Corporation is up 591% year-to-date. Bullish options bets still dominate its flow. RBC and Wells Fargo both raised price targets this week to $1,600 and $1,550 respectively. Micron Technology tops the positive options leaderboard. Shares are up 240% YTD. Analysts see a further 55% upside. NVIDIA and Advanced Micro Devices round out the top-five for bullish options flow. AI infrastructure demand is keeping call premiums high.
On the bearish side, Wolfspeed sits at 85.2% short interest as a percentage of free float. That figure jumped nearly 7 points in a single week. Wolfspeed also reports earnings on Tuesday — a potential flashpoint.
Four major retailers report this week. Target and both hold calls on Wednesday. and follow on Thursday. AAP carries 18.5% short interest — the highest of the group. A miss there could move the stock sharply.
Bill Gates filed an $82M purchase of Republic Services shares this week. The buy covered 377,866 shares across two days. On the other side, a Twilio board member filed a $123.5M sale — the largest single insider disposal of the week. Mueller Industries CEO filed over $23M in sales across three separate transactions.
FT Markets notes investors are piling back into US equities. A strong earnings season and falling inflation are cited as drivers. The US also sold 30-year bonds at the highest borrowing costs since 2001 — a reminder that rate pressure hasn't fully eased.
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.
