Options markets are showing sharp two-way flows this week. Earnings season is driving the action. Micron Technology sits at the centre of it all.
Micron leads both bullish and bearish options bets over the past seven days. The stock is up 279% year-to-date. Its ORTEX stock score stands at 96.78 — the highest in the market. Analysts see 40% further upside. Earnings are due next week. Traders are clearly split on whether the rally has more fuel.
Meta Platforms tops the positive bets table by dollar value. That makes the timing of a rare analyst downgrade notable. Meta has climbed 14% this year. Its RSI sits at 71.3. Bullish options flow is running hot. But a single downgrade can flip sentiment fast heading into a report.
Advanced Micro Devices shows the strongest RSI in the group at 73.0. It is up 194% year-to-date. Positive options bets are building. That combination points to momentum chasers doubling down.
Nike tells the opposite story. Down 44% year-to-date, its RSI has dropped to 35 — near oversold territory. Short interest days-to-cover stands at 4.2. A 4.8% forward yield is attracting income buyers. But bearish options positioning suggests traders doubt a near-term recovery.
SanDisk is the wildcard. Up 649% this year, it generated some of the biggest positive options bets in the market. That kind of momentum rarely goes unchallenged.
This article is for informational purposes only and does not constitute 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.
