Options markets are heating up ahead of a packed earnings calendar. NVIDIA sits at the centre of it. The chip giant — worth $5.27 trillion — carries an RSI of 53 and an analyst upside of 40.5%. Options negative bets across the US market this week are concentrated in mega-cap names, with NVDA ranking among the top bearish options flow recipients alongside Tesla, Microsoft, and Meta Platforms.
CrowdStrike tells a split story. The cybersecurity stock is down 59% year-to-date. Its RSI sits at just 41.5 — oversold territory. Yet analysts keep lifting targets, with a 9.4% upside still priced in. Bears using puts here are fighting analyst consensus.
Semtech is the week's standout warning signal. Options flow shows bearish pressure as insiders sell into the slide. The stock has still gained 69% year-to-date but its RSI at 46 and no near-term catalyst in sight make it vulnerable. ORTEX options data flags a surge in negative bets over the past week.
MongoDB heads into its print with a near-flat year — up just 0.16% for 2026. Analysts see only 1.6% upside. That thin margin leaves little room for disappointment. Any earnings miss could trigger sharp put activity.
Elsewhere, Sandisk tops the list for negative options bets by dollar value. Up 574% year-to-date, the stock's towering gains make it an obvious put target for traders fading the rally. Micron Technology follows closely behind.
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.
