Options markets are flashing clear bullish signals in semiconductors. The week's biggest positive bet volumes are clustering around chip names, with MU and AMD topping the leaderboard for call-side activity.
AMD is up 187% year-to-date. Its RSI sits at 72.96 — deep into overbought territory. Yet options flow stayed positive-heavy this week. Traders are not fading the rally. They are pressing it. Analysts see near-zero return potential at current prices, which makes the bullish options skew the more striking.
MU tells a sharper story. Up 266% in 2026, it carries the highest ORTEX stock score of any major chip name at 97 out of 100. It also leads the negative-bets ranking by raw dollar volume. That dual presence — top positive flow AND elevated negative bets — signals a high-conviction two-way market. Earnings are expected in Q4, and traders are building positions on both sides.
META attracted the highest overall options order count over the past seven days. Its RSI is 77.81 — the loftiest reading among large-caps tracked. The stock is up 12% YTD but analysts see only 2.3% upside. That gap points to stretched sentiment in the options tape.
SOFI stands out as the most heavily shorted fintech in this scan. Its short score hit 64.6. With a DTC of 3.4 days and a 35% YTD loss, bullish options flow here would be a genuine contrarian signal worth watching.
News headlines cited comparisons between SoFi and early-stage AMD or NVDA. The options market has not fully bought that thesis yet — but any sentiment shift could accelerate fast given the elevated short base.
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.
