Options traders are loading up on semiconductors. NVDA sits atop the negative bets leaderboard this week. AMD and Micron are right behind it. All three have seen heavy put-side flow in the last seven days.
Intel stands out on a different metric. The stock is up 157% year-to-date. Its RSI of 85.8 flags overbought conditions. Options traders appear to be hedging that run — negative bets on INTC are among the highest in the sector.
The robotaxi theme is sparking call buying. Trump met with Anthropic on May 1. News about robotaxis reaching a $54 billion market by 2035 hit the wires this afternoon. That drove call flow into Tesla and Alphabet. TSLA is down 17% year-to-date. Options expiries run through late July, giving bulls plenty of runway.
Amazon leads negative bets in megacap retail. Its RSI sits at 76.6. The stock is up 14% year-to-date. Put flow suggests some traders are locking in gains ahead of its Q1 results.
On the bullish side, Welltower, Prologis, and Marsh & McLennan each show 100% positive options flow over seven days. REITs and defensive names are attracting call buyers as geopolitical noise around Iran persists.
Roblox is worth watching. It has a thin expiry ladder — just 10 dates out to July. News today about the company challenging Unity and Unreal engines with AI software could drive a sudden vol spike.
This 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.
