Options flow is telling a split story in markets this week. Bullish bets are stacking up in semiconductors. Bearish pressure is also rising in the same names — a rare two-sided tension.
NVDA sits at the top of both positive and negative options bets over the past seven days. That is unusual. It signals a market deeply divided on direction. NVDA is up just 16.7% year-to-date — modest for a name that once led every rally. Earnings are not due until Q2 2027. Yet options volume is running hot.
MU shows the same dynamic. The stock is up 227% year-to-date. Bearish options bets still rank among the highest in the US. That gap between price performance and put activity is worth watching.
AMD also appears in high negative bet flow. The stock is up 117% this year. RSI sits at 44 — not overbought. But put buyers are active.
KVYO is down 38% year-to-date. ORTEX data shows its short score at 56.6 — elevated. Bears are circling ahead of Q2 results. The short interest signal and negative options sentiment align. That combination is a watch-list flag.
On the other side, CMCSA, MNST, and MOS show 100% positive options flow over the last week. MNST is notable — down 39% this year, yet call buyers are stepping in. A potential sentiment reversal trade is building there.
Semiconductors are attracting the most raw options volume on both sides. That reflects genuine uncertainty around AI spending durability. Earnings season is weeks away for most names. Until then, options flow will remain the clearest read on where money is positioning.
Not financial advice. Data sourced from ORTEX.
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.
