Options flow is flashing mixed signals heading into the final week of September, with semiconductor names drawing the heaviest bearish positioning while healthcare bulls chase a high-profile analyst call.
MU attracted the most negative options bets of any large-cap US stock over the past seven days. The chip maker reports Q4 results this week. Its stock is up 279% year-to-date. That run has bears loading up on downside hedges. AMD sits just behind, with an RSI of 73 and $1 trillion in market cap — traders are paying up for put protection after a near 200% YTD rally.
On the bullish side, LLY call activity jumped sharply after analysts set a $1,500 price target. The pharma giant's options positive flow hit 100% over seven days. Trane Technologies and Bank of New York Mellon also recorded 100% bullish options flow — a sign institutional desks are quietly rotating into quality names into quarter-end.
The biggest outlier is CPNG. carries one of the lowest options sentiment scores in the US universe. Shares are down 41% year-to-date. Bearish flow has intensified. RSI has dropped to 31 — near oversold territory.
COIN drew fresh attention after analyst coverage changes. Options positioning turned more cautious. Bears are buying near-term puts into October expiry.
Quarter-end rebalancing adds noise this week. Watch for outsized sweeps in index ETFs as portfolios reset.
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.
