Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Call-side bets are rising into one of the busiest earnings weeks of the autumn. NVDA leads the options positivity table. 68% of its options flow over the past week was bullish. NFLX sits at 66% positive, and TSLA at 56%, despite the stock falling 21% year-to-date.
The bullish tilt in TSLA options is notable given the backdrop. The stock heads into its Q3 results on 21 October having shed a fifth of its value this year. Yet traders are leaning toward calls. ORTEX alt data adds context: German car registrations, a dataset that leads TSLA revenue by 43 days with a strong fit, are running 269% ahead of the same quarter last year. Three consecutive months point in that direction, though this is a reading, not a prediction of the print.
GM also reports on 20 October. The same German car data, which leads GM revenue by 15 days, shows a 133% year-on-year gain across all three months of the quarter.
NFLX options sentiment is the most bullish of the group at 65.6% positive. The stock is down nearly 25% year-to-date. Its upcoming results are drawing heavy call interest despite that slide.
On the index rebalance front, Fabrinet is drawing attention. Its probability of deletion from the MSCI World jumped from 8% to 49% overnight. The exit line closes at $421.07 tomorrow. Forced selling across both MSCI World and MSCI USA indices totals $1.37 billion if the deletion goes through. Options traders watching that name have one session left.
Centene Corporation tops the broader ORTEX options score ranking for large-cap US stocks this week, with a Q3 earnings call also on the calendar.
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.
