Nike opens the Q3 earnings season today, hosting its Q1 FY2027 call at 5pm ET. Bears have already retreated. Short interest in Nike collapsed 82% in a week, falling to just 0.49% of float. Availability sits at 517% of short interest. That says the squeeze risk most expected has largely unwound before the print even lands. Options traders still see potential in the name: the RSI sits at 35 and the stock is down 44% year-to-date, so any positive surprise could move it sharply.
US 10-year Treasury yields hit their highest level since 2002 this week. That backdrop is pressing on rate-sensitive equities across sectors. Chip stocks are drawing the heaviest negative-bet options volume. Micron leads that screen, even as Morgan Stanley reiterates a Buy with a $1,200 target. Taiwan's August export orders came in at a record $103bn, up 71% year-on-year, supporting the bull case for memory demand.
ON Semiconductor agreed to acquire Synaptics for $123 per share in cash. Options activity jumped in both names on the announcement. Synaptics is up 37% year-to-date. The deal adds consolidation pressure to a sector already running hot on the Taiwan data.
Lucid Group now carries 58.5% short interest as a share of free float, with availability at just 0.06%. Wolfspeed sits at 81% short interest. Both names have almost no room for bears to add further. First Solar grabbed fresh attention today after filing a patent infringement lawsuit against JA Solar. The suit adds a new variable for a stock already closely watched by short sellers in the clean-energy space.
Uber President and COO Andrew MacDonald filed $5.3 million in open-market purchases, executed at $75 to $76 per share. The discretionary nature of the trade makes it a meaningful signal.
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.
