Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Q3 earnings season opens this week with a sharp split in options sentiment across the S&P 500.
Truist Financial sits at the most bearish end of the options spectrum. Its 7-day positive options bet percentage has dropped to zero. Options flow in Cintas, Norfolk Southern, Colgate-Palmolive, and Simon Property Group tells a similar story. All four read 0% positive bets over the past week.
The contrast at the bullish end is stark. Equinix, , , , and all show 100% positive options flow over the same period. Travelers has an earnings call imminent. Elevated call activity ahead of a print is a classic setup.
General Motors sits in a complicated spot. Its options sentiment is neutral while analysts see 26.5% upside. ORTEX Alt Data adds context. German battery-electric car registrations hit 88,335 in September, up 95% year on year, the best September since 2021. That surge favours European EV makers more directly, but it signals accelerating demand that US automakers cannot ignore.
Wolfspeed, the silicon carbide chipmaker, carries a short score of 78. Its 11.3 days-to-cover is among the highest in semiconductors. Options bears have been active. Any squeeze in a name this heavily shorted could be violent.
UnitedHealth Group has an earnings call this week. Its options data is mixed, and its RSI sits at a neutral 49. The market is waiting.
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.
