This week's Mag 7 earnings wave is dominating options markets. Bullish call flow is running hot ahead of results from META, MSFT, AMZN, and GOOGL.
NVDA leads all large caps in positive options bets over the past seven days. Options sentiment is also heavily bullish on AMD, which is up 56% year-to-date and showing an RSI of 80 — deep overbought territory. MU (Micron) and INTC are also seeing strong call-side flow. Semis are clearly the sector traders want to own via options right now.
On the bearish side, one name stands out: (Avis Budget Group). It tops the negative bets leaderboard. The stock carries a short score of 73 and 8.8 days-to-cover. Analysts target it 36% lower than current prices. Put buyers appear to agree.
SANDISK is unusual — it appears in both the biggest positive and negative bets lists. The stock is up 317% year-to-date. That kind of move attracts both momentum chasers and profit-takers, creating a two-sided options market.
On the macro side, oil topped $110 a barrel amid Iran war fears. Energy names like DVN and HAL are seeing elevated options scores. Goldman Sachs warned crude could hit $120 if the conflict drags on — a scenario that would force rapid repricing across energy options chains.
MSFT has a same-day expiry today (April 29). That creates pin-risk conditions around key strikes. Watch for outsized intraday moves if the print misses expectations.
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.
