The S&P 500 closed at a record high on Monday. Investor sentiment has moved firmly into "Greed" territory. The options market reflects that shift across several names.
SPY expiry chains are packed with near-term dates — from April 28 through May — pointing to heavy short-term activity. This density signals traders are positioning aggressively into the week. NVDA tops the negative bets leaderboard but also leads positive bets volume. That split flow suggests competing macro views rather than one-directional conviction heading into its Q1 2027 reporting cycle.
Semtech leads ORTEX's options score rankings this week. The chip maker is up nearly 49% year-to-date. Its RSI sits at 70.67 — elevated but not extreme. Options flow there skews bullish relative to peers.
GameStop carries an options score in the top tier. Its short score stands at 76.3 out of 100. DTC is 16.8 days — the highest among names with notable options activity. With Avis Budget Group also carrying a DTC above 8.8, traders appear alert to short-squeeze potential in high-short-interest names.
Celsius Holdings stands out for a different reason. Analysts see 89% upside. The stock is down 24% year-to-date. Options activity picked up this week. That combination — deep discount plus bullish analyst spread — can attract speculative call buying.
Rivian reports Q1 results soon. Its short score is 69 and DTC is 6.2. Options expiries run weekly through June. Earnings-driven vol plays are building ahead of the print.
This is not financial advice.
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.
