May kicks off with a heavy reporting schedule. Chevron holds its earnings call today as oil markets stay volatile. Next week brings a wave of major prints: Palantir heads into Q1 results with valuation firmly in focus, while PayPal, Electronic Arts, and Vertex Pharmaceuticals all report between Tuesday and Wednesday. Bears are circling Paramount Skydance ahead of its May earnings. Short sellers have built notable positions ahead of the print.
Short interest spikes dominated the week's data. Wolfspeed saw its SI % FF climb 7.3 percentage points to 50.6%. Debt pressure and competition are driving the bearish build. Micro-cap sits at a staggering 472% of free float — cost to borrow hit 346% APR. Shares available to borrow: zero. A short squeeze risk is extreme.
Options flow in semis remains tilted bullish. NVDA, MU, and AMD lead positive bets. INTC stands out with an RSI of 86 — up 157% year-to-date. Energy is a different story. DVN and HAL options chains lit up with defensive positioning as crude remains under pressure.
Insider selling dominated filings. A 10% owner dumped $1.75 billion of Avis Budget stock last week. CoreWeave saw a $987 million block sale filed this week. Separately, proposed rule changes could fast-track SpaceX into the S&P 500 after its IPO — a story worth watching closely as index inclusion would affect TSLA weighting dynamics.
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.
