Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
TSLA and GM dominate options flow this week. Both report earnings within days, Tesla on 21 October, GM on 20 October. Implied volatility around both prints is the primary driver of activity right now.
ORTEX Alt Data adds a sharp signal for Tesla ahead of the print. German car registrations, a dataset that leads Tesla revenue by 43 days, is running 269% above the same quarter last year. That is not a price target, but it is an unusually strong directional read heading into results. Tesla is down 21% year-to-date. Analysts see 12% upside from here.
GM enters its print with a softer backdrop. The same German cars dataset, which leads GM revenue by 15 days with a strong fit, is running 133% above Q3 last year. GM's RSI sits at 53. Days to cover is under one, short sellers are not heavily positioned.
Cybersecurity names are pulling options attention in a different direction. News flagged PANW and FTNT picking up analyst upgrades today. Palo Alto is up 86% year-to-date. Its RSI has pulled back to 37, a level that often attracts call buyers who see dips in strong trends.
NFLX also features in the week's earnings calendar. The stock is down 25% this year. Analysts see 30% upside. At 46 RSI, it is neither stretched nor oversold.
CNC tops the ORTEX options score this week among large caps. It is up 68% year-to-date and due to report Q3 results shortly. That combination of momentum and an imminent catalyst is drawing elevated options interest.
The broadest signal this week is directional. Autos are the epicentre of gamma risk. Real-economy data points higher. The options market is watching the prints closely.
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.
