Earnings Week Puts Piling Into Semis, Calls on Auto Names

Options flow this week is heavily shaped by an earnings-packed calendar. Markets are bracing for results from GM today and TSLA tomorrow, with big tech names META, MSFT, GOOGL and AMZN following later in the week.

The clearest signal sits in semiconductors. NVDA tops the negative-bets leaderboard for the past seven days. MU ranks second, despite being up 208% year-to-date. Both names carry RSIs below 38, reinforcing the defensive tone in chip options. AMD and INTC also feature prominently on the put side, with year-to-date gains of 147% and 144% respectively suggesting profit-taking risk is real.

On the call side, the same chip names dominate positive-bets flow. That two-way volume is a sign of elevated uncertainty rather than directional conviction. Micron tops both lists, a rare split that points to large straddle-style positioning ahead of its next print.

Tesla reports Q3 on 21 October. ORTEX alt data shows German car registrations running 269% above the same quarter last year, a dataset that has historically led Tesla revenue by 43 days. Options flow on the stock is mixed, with the RSI sitting at 42 and the stock down 21% year-to-date.

GM reports today, with the same German car dataset running 133% above last year. The stock is up only 3% YTD. Analysts see 24% upside from current levels.

Away from the mega-caps, MVIS saw Wikipedia retail attention spike to 10 standard deviations above its own history on 19 October, per ORTEX alt data. The stock carries an 80-point short score and an RSI of 28. Unusual retail interest of that magnitude has historically preceded volatile options sessions in small-caps.