Options markets are flashing some sharp signals today. Negative bets dominated semiconductor names over the past week. NVDA, MU, and SNDK all ranked in the top tier for bearish options flow — even as each stock has rallied hard year-to-date.
SanDisk is the standout. It is up 322% YTD. Yet it sits among the week's biggest targets for negative bets. Traders appear to be fading the rally rather than chasing it.
AMD shows a similar split. Its RSI sits at 73. Bearish options flow is heavy. The market is pricing in a pullback even as bulls keep buying.
Iran's warning of "unprecedented military action" over seized vessels sent USO options activity sharply higher today. Brent crude topped $110 for the first time in three weeks. DVN saw a positive 7-day options score. Analysts see 19% upside for the energy name. Options traders appear to agree.
HUM carries an RSI of 78 — technically overbought. Yet its options score ranks among the most bullish in the market this week. Traders seem willing to pay for upside into earnings.
LMT is different. Its RSI sits at just 18.9 — deeply oversold. The defense giant also appears in the most bearish options flow list. Markets are not betting on a bounce despite the Iran escalation narrative that usually lifts defense stocks.
ADP raised its FY2026 EPS guidance today. Its next options expiry is May 1. Watch for unusual near-term call activity as traders respond to the beat.
This note is for informational purposes only and 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.
