Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Bank earnings season kicks off this week, but the options market is pointing traders toward semiconductors rather than Wall Street.
Micron Technology tops both the bullish and bearish bets lists over the past seven days. That two-way positioning is unusual. Analysts give MU a 44% upside target, yet its stock score of 98.74 already reflects a $1.2 trillion market cap and a 273% gain year-to-date. Options traders appear split on whether the run has further to go.
Advanced Micro Devices, up 195% this year, is drawing heavy traffic on both sides too. An analyst upgrade landed this week. Still, the RSI sits at 69, placing it close to overbought territory. The market is pricing in a binary outcome around the Q3 earnings print ahead.
NVIDIA draws the third-largest absolute bets from both bulls and bears. At a $5.8 trillion market cap, the sheer size of its options market means even routine flows look large. Analysts still see 38% upside.
Away from chips, the signal is cleaner. Rails are drawing pure call interest. Union Pacific, CSX and Norfolk Southern each register 100% bullish options flow over the past week. All three report Q3 results shortly. The macro backdrop may be helping. ORTEX Alt Data shows US nonfarm payrolls stood at 159,044 thousand in September 2026, the highest reading since the series began in 1997. A strong labour market typically supports freight volumes.
UnitedHealth Group is also due to report Q3 results this week. Medicare Advantage penetration reached 51.1% in June 2026, the largest June reading on record since 2013, per ORTEX Alt Data. The stock carries a 27% analyst upside target and an RSI of 47, leaving room for a move in either direction ahead of the print.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
