Options flow is sending mixed signals this week. Bulls are piling into Salesforce, while the chip trade shows notable hesitation.
Salesforce leads the bullish pack. Its 7-day positive options flow hit 84%. That is a sharp signal. The stock is down 22% year-to-date. Traders appear to be betting on a rebound ahead of its next earnings report.
NVIDIA tells a more divided story. Positive options flow stands at just 64%. For a $5 trillion company that just posted blowout Q2 results, that is tepid. Legendary short seller Michael Burry called the stock "wildly undervalued" this week. Yet options traders aren't fully convinced. The RSI sits at 49.6 — right on the fence.
Chewy is the most bearish read of the group. Only 30% of 7-day options bets are bullish. The stock has fallen 25% in 2026. Bears are not backing down. The short score is 55, and days to cover sits at 2.4.
At the large-cap level, names like Welltower and S&P Global show 100% positive options flow. That signals very selective bullish activity — not broad market enthusiasm.
Wolfspeed stands out in semiconductors. Options sit at 58% positive. The short score is a high 73.7. The stock is up 45% this year but carries heavy short interest. That combination raises squeeze potential.
The overriding theme: bulls are in charge on defensive large caps and beaten-down software names. Chips are the hesitation trade.
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.
