Chip Names Drive Both Sides of the Options Market

Semiconductor stocks are dominating US options flow this Friday. Bullish and bearish bets are both concentrated in the same sector, a split rarely seen this clearly.

NVDA sits at the top of both positive-bets and negative-bets rankings over the past seven days. Its 14-day RSI sits at just 25, deep in oversold territory. The stock is down 2.6% year-to-date. Reports of Nvidia pouring billions into advanced chip packaging are drawing fresh options interest on both sides.

MU leads the positive-bets table outright. Its RSI of 27 matches one of the most extreme oversold readings in the large-cap universe. Analysts see 137% upside to their average target. The stock is up 130% year-to-date, yet call buyers are still active.

INTC has an RSI of just 20, the weakest reading among major chip names. Bearish options volume has been elevated there too. Its 41.6% year-to-date gain looks fragile given the momentum signals.

AMD mirrors the pattern. RSI of 29, positive options score, 88.8% year-to-date gain. Traders appear uncertain whether the rally extends.

Sandisk stands out for a different reason. The stock is up 240% year-to-date and carries a 150.95% analyst upside estimate. Positive options bets rank it third in the market. That combination of extreme gains and continued call buying signals speculative momentum rather than value positioning.

PEP is the outlier today. Pepsi-Cola drivers at Atlanta sites authorised a Teamsters strike, pushing put activity in a staple name that rarely sees this kind of event-driven flow.

WYNN tops the ORTEX options score table. The stock carries a 48% analyst upside estimate and an options score placing it among the most actively watched names. It is also an S&P MidCap 400 addition candidate, with ORTEX Index Rebalance Radar putting it 0.6% above the entry line at a $8.0bn market cap.