I now have enough data to write a compelling options note. Key signals identified:
Oil prices topping $110 a barrel are reshaping options flow. Traders are piling into bullish bets on energy names. The shift is clear and the data backs it up.
PUMP — ProPetro Holding — is flashing the most striking signal of the day. Options hit their 52-week low in bearishness, according to ORTEX data. The stock has already surged 81% year-to-date. Its options score is firmly in bullish territory. Traders appear positioned for more upside as the company heads into Q1 earnings.
VAL — Valaris — tells a similar story in the offshore drilling space. The stock is up 102% year-to-date. Bullish options sentiment remains elevated. That kind of price action tends to attract momentum-chasing call buyers.
In the EV space, RIVN — Rivian — is drawing attention for different reasons. The stock is down 18% year-to-date. Short score sits at 68 out of 100. Options expiries cluster tightly around May and June. That setup points to traders positioning ahead of the Q1 earnings print. Put activity is worth watching closely here.
GME remains a crowd favourite in options markets. Short score stands at 75. Open interest runs all the way out to a July 17 expiry. The setup screams speculative positioning rather than fundamental flow.
In the semiconductor space, AEHR — Aehr Test Systems — stands out with a 338% gain so far in 2026. Its options score exceeds the 60-threshold. Bullish flows here look momentum-driven.
The macro backdrop is driving this across the board. Brent crude above $110 tightens the narrative around energy calls. Traders are rotating out of defensive puts and into sector calls. The oil-geopolitical premium is feeding directly into options pricing.
This is not financial advice. Options trading carries significant risk.
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.
