The Iran conflict is driving a sharp rotation in options flow. Traders are piling into calls on oil and defense stocks as Brent crude tops $110 per barrel.
HAL leads the energy services pack with a 42% year-to-date gain. Options expiries cluster around the May 1 and May 8 dates — typical of traders making short-duration bets on oil momentum. DVN shows a similar setup with near-term expiries stacking up through June.
The ORTEX 7-day options score flags bullish sentiment at extreme levels. SYK, PH, and VRTX all hit 100% positive options flow over the past week. These are not random names — healthcare and industrial stocks often attract hedging flows when macro risk rises.
AMGN stands out with the highest options score across the US market. The biotech giant has earnings approaching and RSI sitting at 39 — oversold territory. Options traders appear to be betting on a bounce.
GME is drawing attention again. Short interest sits at a hefty 16.8 days to cover. Options expiries run through July. With a short score above 75, any call buying here carries squeeze potential.
RIVN options activity is active into June. The EV maker is down 15% year-to-date. Near-term put flow could reflect hedges ahead of its Q1 results.
The SPY expiry chain remains dense through August. Traders are not abandoning the broad market — but the real action has clearly shifted to geopolitical plays.
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.
