Options traders are loading up on calls across the semiconductor space ahead of this week's packed earnings schedule, with NVDA at the centre of the action.
Micron Technology ranks first for bullish options bets over the past seven days. Analysts see 56.7% return potential. The chip memory giant is up 239% year-to-date. That kind of momentum draws call buyers.
NVDA itself sits on a $5.2 trillion market cap. Its ORTEX stock score is 80.8. RSI stands at 51 — neutral, not overheated. Elon Musk confirmed SpaceX will use Nvidia-powered AI systems in a 2027 launch, adding further tailwind to the bull case.
Advanced Micro Devices carries strong positive options flow too. AMD is up 121% YTD. Options traders are betting the chip rally has further to run.
Not everyone is bullish. Meta Platforms is down 16.7% YTD. Its RSI sits at a weak 38.7. Negative options bets are among the heaviest in the large-cap space.
Tesla is down 19.3% this year. It appears near the top of negative options flow rankings, with short score at 30.7.
Oscar Health leads the overall ORTEX options score this week. The insurer is up 123% YTD with an earnings call imminent — options positioning is crowded.
Union Pacific carries 11.2 days-to-cover. That is elevated for an industrial name. Options activity there skews cautious.
The dominant theme this week: bulls are concentrating in semis. Bears are circling consumer and platform names. NVDA results will set the tone.
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.
