Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Chip stocks are drawing the heaviest options flow this week. NVDA and MU top both the positive and negative bets leaderboard over the past seven days. That two-sided activity signals traders are buying protection while keeping upside exposure open, not a clean directional bet.
AVGO sits at RSI 48 and is down to its flattest options score of the year. The Broadcom chief warned markets this week of a "casino" mentality in AI investing. That comment alone shifted sentiment. Put flow in chip names rose sharply the same session.
The week's biggest earnings queue adds urgency. TSLA reports on 21 October and GM on 20 October. Both are drawing options volume well above normal. An ORTEX alt-data leading indicator, German car registrations, points to a strong read-through for both. The dataset, which leads Tesla revenue by 43 days with a strong fit, is running 269% above the same quarter last year. For GM the same signal runs 133% above year-ago levels, three months into three.
NFLX is down 25% year-to-date. Its RSI sits at 44. Analysts still see 31% upside. Put buyers appear to be fading that optimism ahead of its Q3 print.
INTC sits low on RSI at 42 despite a 179% YTD gain. Negative options bets rank among the top ten in the US market. That divergence between price performance and current put pressure is worth watching into its upcoming results.
US core CPI fell to 2.6% in September, its smallest September reading in five years, according to ORTEX alt data. Easier inflation data cuts the urgency for macro hedges. Yet chip and auto put flow remains elevated, suggesting earnings-specific risk is now driving the options market more than rate fears.
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.
