Options activity this week shows a clear split. Traders are piling negative bets on mega-cap tech while consumer discretionary names flash bullish signals.
NVDA and MU led the negative options bets among large caps. NVDA carries a $5.3 trillion market cap and is up 16.6% year-to-date. Despite that, bearish options flow ranks it near the top of negative bets over the past seven days. AMD is also in the mix. It has surged 118% this year. Options traders appear to be hedging those gains aggressively.
META stands out as a notable bear target. The stock is down 17.3% year-to-date. Its RSI sits at just 37. That oversold reading, combined with heavy negative options bets, signals continued pressure from cautious traders.
On the bullish side, COIN draws attention. CEO Brian Armstrong declared crypto may be entering its next bull run. The stock is down 29% year-to-date, giving plenty of upside potential. Analysts see 21.7% return potential from current levels.
ROST flashed a different kind of signal. Ross Stores posted a Q2 double beat today and raised full-year earnings guidance. Its RSI has dropped to 40 — a post-earnings flush that could attract call buyers looking for a re-rating.
SELLAS Life Sciences holds the highest ORTEX options score this week at 82.2. The stock has rocketed 267% year-to-date. Elevated short scores and high days-to-cover readings make it a squeeze candidate worth watching.
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.
