Earnings Week Puts Options Traders on Edge

Big Tech dominates the calendar this week. Alphabet, Microsoft, Amazon, Meta Platforms and Intel all report within days. Options flow reflects the tension.

Negative bets are heaviest in a cluster of high-momentum names outside mega-cap. CoreWeave carries a short score of 67 and an RSI of just 25.75. Bears have been piling in via puts. The stock is down 24% year to date.

AST SpaceMobile shows a days-to-cover ratio of 10.6. That is the most stretched in this group. Put pressure there has been elevated alongside a short score near 74.

Etsy reports Wednesday. Its short score sits at 57 and DTC is 3.3. ORTEX flagged unusually bearish options positioning ahead of the print.

On the other side, Micron Technology leads all US stocks for positive options bets in the past seven days. Its options positive count is the highest on screen. Analysts still see 78% upside.

Advanced Micro Devices is also attracting call-side attention before its Q3 print. RSI is 39, leaving room for a bounce. Analysts see 23% upside from current levels.

Wikipedia data from ORTEX Alt Data shows retail attention for CGDG and JTEK running 10 standard deviations above their own histories this past week. Unusual retail curiosity around dividend and tech ETFs may signal positioning ahead of a volatile earnings slate.