Options flow on September 1 tells a divided story. Semiconductors are drawing the biggest bets — on both sides of the trade.
NVDA sits atop the leaderboard for both positive and negative options bets over the past week. That is rare. It signals active two-way positioning rather than a one-directional trade. MU and SNDK rank close behind on the bullish side. Both stocks have surged more than 200% and 525% year-to-date respectively. Options traders appear to be defending gains with a mix of calls and protective puts.
Bearish bets are heaviest on chips. NVDA, AMD, TSLA and META all feature in the top negative-bet rankings. TSLA is down 22% year-to-date. Its options score sits at the bearish end of the spectrum — consistent with a market that doubts the robotaxi catalyst flagged by analysts this week.
On the bullish side, a notable name stands out outside of tech. Comcast, Waste Management and Monster Beverage all show 100% positive options flow over the past seven days. These are not typical high-octane options names. Heavy call-side concentration in defensive and consumer names could suggest rotation hedging — traders buying upside in safer sectors as a hedge against tech volatility.
The Trade Desk carries the lowest options score among large caps. The stock is down 64% year-to-date. Bearish flow there remains persistent and one-sided, with no sign yet of a sentiment reversal.
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.
