SMTC Semtech topped options sentiment rankings this week. The $9.8B chip maker soared 49% year to date drawing heavy positioning. RSI hit 71 showing overbought momentum as traders piled into May expiries.
AMGN Amgen ranked second grabbing unusual activity. The $188B biotech held balanced technicals with RSI at 43. Traders positioned for Q1 earnings through June contracts suggesting defensive rotation into pharma.
GME GameStop claimed third place with 16.8 days to cover. The $11.2B retailer absorbed fresh short interest yet options activity stayed elevated. Puts and calls clustered around earnings suggesting volatility bets.
POET POET Technologies surged 139% in 2026 ranking fourth. The $1.8B Canadian chip name held 81 RSI drawing speculative positioning. Short score hit 62 showing bear skepticism despite momentum.
DOCN DigitalOcean grabbed fifth with 98% yearly gains. The $10B cloud name held July expiries showing extended bullish positioning ahead of Q1 results.
Nokia appeared sixth for the third consecutive week. The $59B Finnish telecom posted 62% gains attracting sustained conviction. Jabil ranked seventh with 78 RSI indicating extreme momentum.
Semiconductors dominated options activity as traders positioned for extended chip rally continuation.
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.
