Semiconductor names are dominating the options tape. INTC is the standout story. The stock is up 157% year-to-date. Its RSI hit 85.8 — deep overbought territory. Options traders are piling in with heavy call-side bets, extending the most expiry dates of any chip name in the screen.
NVDA draws the largest raw volume of positive options bets over the past seven days. The chip giant still holds a $4.85 trillion market cap. Bullish flow is building ahead of its Q1 FY2027 earnings — the furthest-out reporting date of any major semiconductor name.
AMD is also catching attention. Up 57% YTD, its RSI stands at 79. Options chains run through July, and traders are loading calls tied to AI demand tailwinds ahead of its Q1 results.
On the defensive side, META tells a different story. Up just 1.4% YTD, its RSI sits at 41. That puts it in mild oversold territory. Negative bets are rising relative to calls. Traders appear cautious ahead of Q1 earnings.
MU rounds out the watch list. Up 82% YTD with the most densely packed near-term options chain — six expiries clustered between May 19 and May 22. That signals unusual positioning activity around a specific date window, likely tied to expected earnings timing.
Macro noise — Iran tensions and yen volatility — is keeping hedging demand elevated across broad index names like SPY, where expiry ladders stretch all the way to August.
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.
