Options markets are flashing bearish signals on several names this week. Short sellers and put buyers are targeting consumer and tech stocks ahead of key earnings reports.
CHWY stands out as the most aggressively shorted name in the group. Short interest sits at 52.3% of free float. That is an extreme level for any stock. Bears have steadily loaded up ahead of the pet retailer's upcoming earnings call. With a short score of 55.7 from ORTEX, the bearish positioning is well above average.
LULU is also under pressure. Short interest is at 10.2% of free float. The RSI has dropped to 31.8 — deeply oversold territory. The stock is down 51.6% year-to-date. Options bets skewed negatively over the past week as traders position for further downside.
ORCL tells a different story. The cloud giant reports earnings this week and analysts see 52% upside to the current price. Short interest is a low 2.9% of free float. Bulls appear to dominate the options flow here.
ADBE is also due to report. The stock is down 23.9% year-to-date. Analyst return potential is a modest 3.8%. Bearish bets have been building steadily.
The biggest negative options bets across large-caps this week landed on NVDA and TSLA. Both carry some of the heaviest absolute put flows in the market. MU bucked that trend — it scored highest on the ORTEX positive options sentiment screen, suggesting bulls are re-entering semiconductor names.
This article is not financial advice.
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.
