Options markets are flashing bullish signals across tech this week. Semiconductors are leading the charge in raw volume.
NVDA topped all US stocks in positive options bets over the past seven days. MU and AMD are close behind. All three carry heavily call-skewed flows. INTC stands out with a 157% year-to-date price gain. Its options chain now stretches to July expiries, signalling traders are positioning for continued momentum.
The biggest single-stock story today is TWLO. Shares surged more than 20% in premarket trade. Options positive bets hit 71.8% of total flow over the past week. That bullish lean looks prescient. Traders were buying calls ahead of a sharp earnings-driven move. The next key expiry is May 8 — expect elevated vol there.
AAPL is also in focus. Analyst Dan Ives called Apple's "golden era" near. Options expiries run daily into mid-May. That dense expiry ladder suggests active positioning into earnings. shows a similar pattern. Sundar Pichai's backing of data centres in orbit drew fresh attention to the AI infrastructure trade.
On the cautious side, AMGN topped the options score list in healthcare. Its RSI sits at just 37. Put flows there look defensive ahead of Q1 results.
The broader message from options markets is clear. Calls are winning. Semis are the focus. And any stock with an upcoming catalyst — earnings, partnerships, or a CEO headline — is drawing unusually large options flow right now.
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.
