Semiconductor names are driving the most active options desks this week. Both bullish and bearish bets are heaviest in chips, with NVDA, AMD, and MU topping flow tables on both sides.
NVDA sits at the top for positive bets over seven days. Its RSI is close to 71. The stock is up 16% year-to-date. Analysts see 26% further upside. Heavy call buying suggests traders expect momentum to continue into Q1 results.
AMD tells a similar story. Up 56% YTD, its RSI has reached 73. Options flow shows strong bullish positioning. Yet analysts have a negative return potential of -7.5%, signalling a possible divergence between options sentiment and Wall Street targets.
On the bearish side, TSLA is attracting the most negative bets by volume. The stock is down nearly 16% YTD. Its RSI sits at 48. Traders are buying puts ahead of Q1 results, with activity clustered around the May expiry dates.
INTC is a standout outlier. Up 130% YTD — but analysts see -11% return potential from current levels. Options bears are loading up here too, positioning for a potential reversal.
SanDisk is the most eye-catching mover. Shares have surged 322% YTD. It now attracts heavy two-sided flow. Both positive and negative bets rank near the top of the screener. That suggests traders are unsure of direction but expect a large move.
The broader macro backdrop is weighing on sentiment. Oil has pushed above $110 per barrel. The Iran conflict and UAE's exit from OPEC are adding geopolitical risk. Energy names like DVN, up 35% YTD, are seeing growing options interest as traders hedge commodity exposure heading into earnings season.
This article is for informational purposes only and does not constitute 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.
