Earnings Week Puts Crowd Chips and Mega-Cap

Options flow is skewing bearish on semiconductors ahead of a packed earnings week. Negative bets ranked highest for MU, AMD, NVDA and INTC over the past seven days. That mirrors the RSI picture: all four sit below 40, pointing to oversold conditions but no let-up in put activity.

INTC reports Q3 results this week. The stock is up 136% year-to-date yet its RSI sits at 32.8. That divergence is sharpening options interest. Traders are also loading up on META and AMZN ahead of their own prints. Both rank in the top five for positive bets over seven days, suggesting bulls are positioning for upside surprises.

ANET enters Q3 earnings with analysts trimming targets, according to ORTEX News. Its short score of 34 is modest, but put volume has picked up as the stock heads into the report.

The EV complex adds a bearish undercurrent for TSLA. US state EV fleet data show plug-in vehicle registrations in July 2026 fell to 21,482, the lowest July total in four years, per ORTEX Alt Data. Tesla options negative bets rank fifth among large-caps over the past week.

MSFT sits in the bullish camp despite a neutral RSI of 52.6. Its positive options bets rank top ten. Traders appear comfortable holding through the upcoming Q1 2027 report.