Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Chips are the most active trade on September 1. NVDA sits at the top of both bullish and bearish options rankings. That two-way positioning is unusual. It reflects active debate about where AI infrastructure spending goes next. MU and SNDK draw heavy call interest after surging 200% and 525% year-to-date. Bears are pressing AMD and TSLA on the put side. Tesla is down 22% this year. Its options sentiment remains firmly negative.
Bears made aggressive new bets across the week. WOLF — Wolfspeed — sits at 71.8% of free float shorted with zero shares left to borrow. A squeeze here could be sharp. CAPR follows at 44.8%, up 7.5 points in seven days. KVYO rose nearly 7 points to 19.8% — though availability remains high at 788%, so bears can still pile in. Iridium Communications bucked the trend. Short interest in IRDM dropped 36% in a week as shorts covered aggressively.
Medtronic reported today at 6:45am ET. Dell Technologies follows after the bell. AI server demand will dominate Dell's call. Ciena reports Thursday. B. Riley cut its target on Ciena by $103 to $413 this week — a 20% reduction — flagging near-term demand concerns. Cybersecurity pulled in the opposite direction. Scotiabank raised its target on PANW by 34% to $430.
The standout European story remains EVO. Kenneth Dart bought $716M worth of Evolution Gaming shares across two trades in late July. Filings landed August 26. That is one of the largest disclosed insider accumulations in European markets this year. A board-level insider sold $8.3M in shares near the highs in the days that followed — a notable divergence from Dart's dip-buying.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
