Options markets are sending a mixed signal on semiconductors. Both the largest bearish and bullish bets in the S&P 500 this week are concentrated in the same chip names — a sign traders are paying up for big moves in either direction.
MU tops the S&P 500 for both put flow and call flow over the past seven days. That two-sided activity points to a volatility play, not a directional bet. The stock is up 279% year-to-date and reports Q4 results soon. Options traders are not willing to pick a side.
AMD sits third in both put and call flow. Its RSI has climbed to 73 — near overbought territory. Analysts see no upside at current prices, with return potential at -1.9%. The divergence between technicals and analyst targets makes AMD a prime candidate for hedged positions.
NVDA appears in the top six for negative bets. Chip stocks broadly stumbled after a rebound failed to hold. Geopolitical noise around Iran added pressure to risk assets. INTC also features heavily despite a 233% YTD gain.
Away from chips, the highest options score — measuring bullish sentiment ratio — belongs to , , and . These names are not obvious options plays. That unusual activity in less-traded names is worth watching.
META leads S&P 500 positive bets. Its RSI sits at 71.3. A comms leadership shuffle announced today adds a layer of event risk ahead of Q3 earnings.
This article is for informational purposes only and 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.
