Options flow signals a divided market this week. Bears are pressing two high-profile names. Bulls are quietly building positions in memory chip stocks.
META ranks among the heaviest targets for negative options bets. The stock is down 17% year-to-date. A $400M TikTok privacy settlement may redirect ad spend toward the platform — yet options traders remain skeptical. The RSI sits at a weak 37.
MRNA tells a different story. The biotech is up 352% YTD. Yet it carries one of the highest negative options bet values among large-caps. Days-to-cover sits at 6.6. Bears appear unconvinced the rally has legs.
MU and SNDK — Micron and Sandisk — dominate on both sides of the ledger. Both appear in the top positive and negative bets lists simultaneously. That two-sided interest signals a sector in flux. Memory chip demand remains strong, but valuation fears are creeping in.
RDDT draws attention too. The stock has shed 35% in 2026. Short score stands at 64. Options buyers are pricing in further downside, with analyst upside potential of 44% creating a wide tug-of-war.
CRWD carries a short score of just 36 despite falling 59% this year. Analysts see 9% upside. Options activity here remains muted — suggesting the initial shock has faded but conviction is low on either side.
The macro backdrop matters. Treasury yields are rising. The 30-year bond is sliding despite intervention. That pressure typically weighs on high-multiple names — exactly the stocks seeing the most bearish options flow right now.
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.
