Options bets are piling into semiconductors. Sandisk and Micron Technology top the ORTEX options activity leaderboard this week — on both the bullish and bearish sides.
Sandisk is the standout name. The stock is up 591% year-to-date. It leads the US market in both positive and negative options bets over the past seven days. That two-way flow signals heightened uncertainty, not clear direction. Traders appear split on whether the rally has more to run.
Micron sits directly behind it. Shares are up 240% in 2026. Its RSI sits at 56 — not yet overbought — but the sheer volume of options bets in both directions flags it as a battleground name ahead of its next earnings.
NVIDIA draws bullish flow as the largest US stock by market cap at $5.46 trillion. Options activity leans positive. Advanced Micro Devices shows similar bullish bets with shares up 140% YTD.
On the bearish side, Tesla and feature in negative options flow. Tesla is down 24% YTD. Meta is off 11%. Both have RSI readings below 50, pointing to weak near-term momentum.
Roku leads on options sentiment score. Its RSI of 78 signals overbought conditions. That combination — high options score, elevated RSI — often precedes a pullback as premium sellers step in.
The week's clearest signal: chips are the arena. Bulls and bears are fighting hardest over memory and AI compute stocks.
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.
