GT Goodyear grabbed attention today with 9,418 June calls swept near the ask. The $8 strike priced at $0.275 showed conviction ahead of May 6 earnings. Open interest stood at just 1,746 contracts making the sweep 5x larger than existing bets.
Occidental Petroleum led options sentiment rankings as oil volatility persisted. The $60B producer posted 48% year-to-date gains drawing bullish positioning. RSI spiked to 75 signaling overbought conditions yet traders piled in through April expiries.
SOC Sable Offshore ranked fourth with 60% analyst upside potential. The energy name held 72 short score while options activity surged as crude held above $95. Traders positioned through June contracts betting on extended Strait of Hormuz supply disruption.
Devon Energy and Marathon Petroleum both grabbed top-ten spots showing broad energy sector interest. Devon RSI hit 73 with 33% yearly gains. Marathon climbed 43% year-to-date despite negative 10% analyst downside suggesting momentum trumped fundamentals.
Texas Instruments appeared in seventh place as chip names saw rotation. The $170B semiconductor maker held 18% upside potential yielding 3%. Autodesk grabbed twelfth with 34% return potential as software names drew defensive flows.
SPY showed dense daily expiries through end of week reflecting heightened hedging demand.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
