Options sentiment across US markets skews bullish this week. However, notable pockets of bearish flow are flashing signals worth watching.
Micron Technology tops the negative options bets leaderboard among large caps. Bears have piled the most put-side premium into the stock over the past seven days. Sandisk, Advanced Micro Devices, and Meta Platforms follow closely. All four sit in tech or semiconductor sectors under pressure from macro headwinds. Treasury yields are rising as the US struggles to calm the long-bond market.
On the bullish side, options flow in Rio Tinto hit 100% positive this week. Parker-Hannifin, Trane Technologies, and also show fully bullish options scores. This cluster spans industrials, mining, and consumer staples — a rotation signal away from growth stocks.
CVS Health carries one of the lowest positive options percentages at just 24%. Marathon Petroleum shows similarly bearish skew at 23%. Both names have fundamental headwinds adding fuel to the put flow.
Arvinas, the pharma name flagged for easing short interest, also shows an improving options tone. Its short score sits at 45 but its options sentiment is turning. Analysts see 49% upside. That combination of shorts retreating and calls building can be an early squeeze signal.
The macro backdrop matters here. Long-bond yields are rising. Momentum trades are getting hit. Options traders appear to be hedging tech exposure while rotating into defensives and cyclicals. Watch the industrials call flow — it may be leading the next sector shift.
This article is for informational purposes only and does not constitute 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.
