Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Banks and health insurers dominate options flow this week. JPMorgan Chase kicks off Q3 earnings season alongside Bank of America, UnitedHealth, and Charles Schwab. Options volume across financials has jumped ahead of the prints.
UnitedHealth draws particular attention. Its RSI sits at 49, roughly neutral, but the stock is up 15% year-to-date with analyst upside of 27%. Options traders appear to be positioning for a binary outcome around the Q3 call rather than expressing a directional view.
Delta Air Lines is another name to watch. Its days-to-cover stands at 3.96, the highest among this week's earnings reporters. Short sellers are not rushing to cover. Options bets ahead of the Q3 call carry elevated negative weighting relative to the broader airline space.
Wolfspeed remains in the firing line on the semiconductor side. Its short score is 77.6 out of 100. Days-to-cover run at 11.3, meaning unwinding short positions would take more than two trading weeks at current volume. ORTEX data shows bears continuing to add exposure here.
Micron Technology and NVIDIA lead the positive options bets leaderboard by raw value this week, with chip names drawing the largest absolute options flow in either direction. Micron carries the top ORTEX stock score of 99.25 out of 100.
ACV Auctions sits at an RSI of 75.2 and faces a forecast Russell 3000 deletion. ORTEX Index Rebalance Radar gives the deletion a 65% probability, with $579K of forced selling expected around 19 October if Copart's tender completes.
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.
