Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Options markets tilted bullish on semiconductors this week. MU topped the S&P 500 for positive options bets over seven days. It sits at an ORTEX stock score of 98.74, the highest in the index. Analysts see 44% upside. Call flow dominated.
NVDA and AMD also ranked among the top five for positive options volume. All three names carried RSI readings above 57. Traders appear to be positioning ahead of a broadening AI spending cycle.
The macro backdrop adds weight to the bullish tone. US nonfarm payrolls hit 159,044 thousand in September 2026, the highest level since the series began in 1997, according to ORTEX Alt Data. Average hourly earnings rose to $37.81, also a record. A strong jobs print keeps the consumer spending outlook intact and supports cyclicals alongside tech.
DAL draws attention into its Q3 earnings call. The stock is up nearly 20% year-to-date. Days to cover sit at 3.96, the highest among the names tracked here. Options volume around the event will be worth watching.
In healthcare, Medicare Advantage penetration hit a record 51.1% in June 2026, per ORTEX Alt Data, with total beneficiaries at 70.6 million. That structural growth story sits beneath UNH, which reports Q3 results this week. The stock has 27% analyst upside priced in. Options positioning there leans to the call side.
MRVL rounds out the picture. Up 219% year-to-date and ranked in the top 15 for positive options bets, it is one of the more aggressive momentum plays in the chip space right now.
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.
