Semiconductors and AI names are dominating options desks on September 22. Micron Technology sits at the top of both the bullish and bearish options bets leaderboard this week. That dual presence signals a market divided ahead of its Q4 results. RSI of 61 and a stock up 266% year-to-date make for a charged backdrop.
Meta Platforms leads the week's positive options bets among large caps. RSI of 78 puts it in overbought territory. Bulls are pressing, but the air is thin at these levels.
Advanced Micro Devices ranks high on both sides of the flow. Up 187% year-to-date, AMD sits at RSI 73. Options traders appear to be hedging a potential pullback while still buying upside.
Garmin drew fresh attention after Bloomberg reported Apple is developing a fitness tracker aimed at rivaling Whoop. Garmin shares fell on the news. Options activity around the stock bears watching as competitive risk re-enters the picture.
Palantir hit a technical golden cross, bringing a key price level into focus. Its RSI sits at 49 — neutral — but call flow may build if momentum traders chase the signal.
Nvidia and Broadcom both appear in the top bullish bets. Anthropic's new Claude Opus 5.5 release — available on AWS, Google Cloud, and Azure — is reviving AI infrastructure sentiment. That benefits the chip stack broadly. Amazon and Alphabet both carry near-term Q2 earnings catalysts. Options pricing around those events will tighten quickly.
The tone across tech options remains broadly constructive. The key risk: several of these names carry RSIs above 70, leaving limited room for fresh call buyers if sentiment turns.
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.
