Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Negative options bets on NVDA and TSLA topped the weekly flow tables this week. Both names drew the heaviest bearish notional among US large caps, with MU and AMD also pulling significant put volume as traders position ahead of a packed earnings week.
TSLA reports Q3 results on 21 October. The stock is down 16% year to date. German EV registration data tracked by ORTEX, a dataset that leads Tesla revenue by 43 days with a strong fit, is running 269% above the same quarter last year. That reading cuts against the bearish options tilt and sets up a wide range of outcomes. GM reports a day earlier on 20 October. Its corresponding German cars dataset is up 133% year on year, 3 months in a row.
NVDA carries a 7-day options score sitting near the bottom of the large-cap pack despite a 21% year-to-date gain. Bearish notional on the stock was the largest in the screen. The RSI sits at 49, reflecting indecision rather than a clear trend.
China's September import data came in at 31%, well above the 24.5% estimate. That reading lifted sentiment in commodity and industrial names but added uncertainty to EV supply chains where Hong Kong registrations fell 27% year on year in July, per ORTEX alt data.
On the index radar, FLUT faces an 86% deletion probability from MSCI World. Forced selling of $589M could hang over the stock through November. Options traders in MSCI-tracked names should note the 19 October rank date is today's closing price.
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.
