Options markets are flashing unusual optimism ahead of several key earnings reports this week. The signal is clearest in PDD Holdings, the Temu and Pinduoduo parent, where call positioning is outpacing bearish bets by a wide margin.
PDD is down 20.5% year-to-date. That makes the bullish options tilt even more striking. Traders appear to be positioning for an earnings beat. Peers Alibaba and JD.com are drawing attention from the same crowd.
Across the broader market, the 7-day options score for Roku sits near the top of the ORTEX screening rankings. Roku has gained 44.5% year-to-date and carries an RSI of 72.7, signalling overbought conditions. Yet call flow remains strong heading into its Q2 print.
Tempus AI is another name drawing options attention. Its ORTEX short score is an elevated 74.3. Days to cover stands at 7.1. That combination — heavy shorts and rising call interest — creates squeeze potential. Analysts see just 2.3% upside on consensus, but the options market is telling a different story.
SELLAS Life Sciences stands out for sheer momentum. Shares are up 267% year-to-date. Its short score of 82.2 is one of the highest in the market. Options traders betting on further gains face a DTC of 10.5 days if they want to force a squeeze.
On the bearish side, Southwest Airlines shows the weakest options sentiment score in screening data. Its RSI has dropped to 32.5. Analysts see 25% upside from here, but the options market is not buying it yet.
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.
