A monster earnings week is shaping up for US equity markets. NVIDIA headlines the calendar with a $5.2 trillion market cap. Options traders are positioned on both sides. The chip giant's RSI sits at 51 — dead neutral — signalling maximum uncertainty ahead of results.
Bears are circling Reddit. Short interest jumped 4 percentage points recently. SI now sits at 17.6% of free float. The stock is down 33% year-to-date. Yet availability is high at 253% of SI, meaning fresh shorts can still borrow easily. That's a crowded trade that could snap fast.
Affirm is another name to watch. It heads into earnings with a DTC of 4.2 days. Availability is massive at 1,131% of SI — bears haven't piled in heavily despite the headlines. The stock is up just 3.5% this year, underperforming fintech peers.
Zoom Communications is up 24.5% year-to-date. Its RSI of 63 signals momentum. A failed rally here would flip sentiment fast.
Meta Platforms stands out on the oversold screen. RSI has dropped to 38.7. The stock is off 17% year-to-date. Analysts still see 37% upside to their targets. That gap between price action and analyst consensus often attracts call buyers.
Micron Technology tops the negative options bets screen this week. The stock has rallied 239% year-to-date. Profit-taking via put options is the natural play after that kind of run.
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.
