Earnings Week Options: Calls Crowd Into Autos, Boeing Bears Dig In

A heavy earnings calendar is driving notable options positioning across autos, aerospace, and energy as Friday expirations dominate today's open interest.

TSLA carries the most active options strip of any single name this week, with expirations clustered through the November cycle. The RSI sits at 63.6, suggesting call buyers have been pushing the stock higher. Rivian CEO comments this morning flagged RIVN as a direct autonomy rival, adding fresh options interest to the November 6 expiry. ORTEX GPIX Wikipedia page-view data registered retail attention running 10 standard deviations above its own history in the week to October 21, reflecting a surge of investor interest in income-strategy products. That level of retail engagement often precedes hedging pressure in the underlying index.

BA stands out on the bearish side. The stock is down 23% year-to-date and RSI has collapsed to 24.75. Analysts slashed targets this morning. The options market has eight live expirations loaded through January 2027. That depth of term structure with an RSI this depressed points to put accumulation rather than speculative call buying.

SO draws attention from alt data. ORTEX NRC reactor status data shows Southern Company's nuclear output fell 10 standard deviations below its own history as of October 28. Utilities with disrupted generation typically see put activity in near-term expirations. The October 30 and November 6 expiries are the immediate focus. SO has a DTC of 4.7 days, adding some squeeze risk if the output issue resolves faster than expected.

RACE reports November 3. Austrian car registration data, a leading indicator for Ferrari revenue, is running minus 75% on the same quarter last year. Options expiries cluster tightly through November 20, with puts likely the dominant positioning ahead of that print.