Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Semiconductor names are drawing the heaviest options traffic this week. Both bullish and bearish bets are stacking up in the same sector, a sign of high uncertainty rather than one-sided conviction.
Micron Technology tops both the positive and negative bets tables over the past seven days. The stock is up 234% year-to-date but sits with an RSI of just 40. That divergence is pulling in players from both sides of the tape.
NVIDIA and Advanced Micro Devices appear in the top negative bets list. AMD is up 183% this year. Traders appear to be hedging those gains ahead of Q3 results. ASML, which reported earnings today, dropped despite strong AI demand signals in its results. That disconnect is the kind of setup that draws put buyers in size.
Tesla sits on both lists. It reports Q3 results on 21 October. A leading indicator from German car registration data, which leads Tesla revenue by 43 days, is running 269% above the same quarter last year, per ORTEX Alt Data. That has not stopped options traders from building defensive positions ahead of the print.
General Motors reports on 20 October. German car data, which leads GM revenue by 15 days, is running 133% above the same quarter last year, also per ORTEX Alt Data. GM's options score remains subdued, suggesting the market is less divided on its outlook.
The macro backdrop is adding to directional uncertainty. US CPI-U hit 336.94 in September 2026, the largest September reading since records began in 1997. Core CPI also set a record high. Hot inflation data complicates the rate path and tends to lift put demand across rate-sensitive names.
Energy options saw a separate jolt. A container ship near the Strait of Hormuz was struck by a projectile, driving fresh interest in oil-linked instruments.
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.
