Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Semiconductor names are dominating options flow this week. Micron Technology tops both the bullish and bearish bets leaderboard over the past seven days. That two-way positioning reflects genuine uncertainty, not directional conviction. The stock is up 266% year-to-date, but analysts still see 47% further upside.
NVIDIA sits close behind on positive options bets. Its short interest is just 1.3% of free float, so bears are not pressing hard in the stock market. Options are the preferred venue for those seeking downside protection on a $5.8 trillion market cap name.
Advanced Micro Devices and Intel both feature on the bullish bets list. AMD is up 203% year-to-date. Intel has gained 205%. Both report Q3 results soon. Earnings positioning is likely driving much of the near-term volume.
AbbVie attracted attention after receiving two FDA Breakthrough Therapy designations for telisotuzumab adizutecan today. Its short interest is a negligible 1% of free float. Options traders betting on further upside have little short-side resistance to worry about.
Away from equities, the macro backdrop adds texture. US nonfarm payrolls hit 159 million in September, the highest reading since records began in 1997. Strong labour data typically compresses volatility expectations. That matters for options pricing across the board heading into the Q3 earnings season.
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.
