Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Earnings season is driving options positioning across the market. Tesla and General Motors report within days of each other, on October 21 and October 20 respectively. Both stocks are pulling heavy options interest ahead of their prints.
ORTEX alt data adds weight to the Tesla setup. German car registrations, a dataset measured to lead Tesla revenue by 43 days, are running up 269% on the same quarter last year. All three months of the quarter point in the same direction. That is an unusually strong leading signal heading into Tuesday's report. GM faces a similar backdrop. The same German cars dataset leads its revenue by 15 days and is running up 133% year-on-year.
Chewy is the more unusual story in the market this week. Its short score sits at 59, well above at 31 and at 31. Days to cover for stands at 3.3. The stock is down 37% year-to-date. ORTEX has flagged short squeeze signals building in the name, adding a squeeze element to its options landscape.
On the bullish side of options flow, names screening with 100% positive options bets over seven days include Monster Beverage, Republic Services, and Digital Realty Trust. The most bearish options scores belong to RH and MGM Resorts, both with low RSI readings and high short scores.
Netflix carries a $294 billion market cap and a 30% short score. Analysts see 30% upside. Any miss on Tuesday could send put volumes spiking fast.
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.
