Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Semiconductor stocks are pulling options flow in opposite directions this week. Bearish and bullish bets are piling into the same names, a sign of elevated uncertainty around the sector's next move.
Micron Technology tops both the positive and negative options bets tables. The stock is up 281% year-to-date. That run has drawn traders to both sides of the market. Options sentiment data from ORTEX shows Micron with the highest volume of bearish bets among large-caps, but also the most bullish contract flow. RSI sits at 59, not yet overbought but not far off.
NVIDIA and Advanced Micro Devices show a similar split. AMD's RSI has climbed to 70.7, touching overbought territory. It reports Q3 results shortly. Earnings risk is the likely driver of two-way flow. Japan machine tool orders, a real-economy read on industrial capital expenditure, surged 65% year-on-year in August 2026. That kind of capex momentum historically feeds chip demand, which may explain the bullish side of these trades.
On the positive-only options side, Parker-Hannifin and Equinix both register 100% positive options flow over seven days. Parker is a machinery name that benefits directly from industrial capex cycles. CSX and Monster Beverage also show purely bullish positioning, though Monster has fallen 44% this year.
Keysight Technologies, up 88% year-to-date, has an ORTEX stock score of 77 and DTC of 1.5 days. Its options score is among the highest in the electronic instruments space, suggesting traders are adding directional exposure ahead of its Q3 print.
The broad picture is one of bifurcated positioning in chips and clean momentum bets in industrials and infrastructure.
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.
