Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Chip stocks are drawing the heaviest options flow ahead of a packed earnings season. Micron Technology leads both the bearish and bullish options rankings this week. The stock has risen 266% year to date. Traders appear split on whether that run has legs into its upcoming Q4 results.
NVIDIA and Advanced Micro Devices sit close behind in negative bets. Both stocks have surged over 200% in 2026. AMD's RSI stands at 72, a level that often draws protective put buyers. NVIDIA carries a $5.8 trillion market cap and analysts see 37% further upside, yet put flow is still elevated.
Sandisk ranks near the top of both bearish and bullish options lists, an unusual split. It has gained 599% this year. High two-sided flow often signals traders positioning around a specific price catalyst rather than expressing a directional view.
On the health care side, UnitedHealth Group has a Q3 earnings call approaching. Its RSI sits at 45, well off overbought territory, yet options interest is picking up. Medicare Advantage penetration hit a series high of 51.1% in June 2026 according to ORTEX alt data, which may feed into expectations for the print.
General Dynamics has an RSI of just 24, the lowest among the names flagged this week. Citi cut targets across defence stocks this week. That combination of a weak technical reading and fresh analyst pressure is drawing attention in the options market ahead of the company's Q3 results.
Delta Air Lines reports Q3 results soon. Analyst consensus implies 21% upside from current levels. Days to cover stand at 3.96, which is elevated for an airline. A higher DTC adds urgency for short sellers if positive news lands.
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.
