Semiconductor names are dominating options flow this week — on both the bullish and bearish side.
NVDA tops the leaderboard for positive options bets over the past seven days. It also ranks second for negative bets. That two-way conviction in a $4.8 trillion stock signals elevated uncertainty. NVDA has 29 expiries stretching to late July, giving traders plenty of runway to position ahead of its next earnings.
SanDisk is a standout. The stock is up 362% year-to-date. It ranks first for bearish options bets — suggesting some traders are fading the monster rally with put activity.
AMD sits in the top five for negative bets. Its RSI hit 78.95, a near-overbought reading after a 57% YTD gain. Elevated put flow here looks like hedging against a pullback.
On the earnings front, ENSG is drawing attention. An ORTEX signal flagged options skew turning cautious ahead of its May 5 print. The stock's RSI sits at just 33.72 — already oversold. That combination of bearish skew plus weak price momentum is a notable warning sign.
AXON is another one to watch. Short sellers are ramping up ahead of Q1 results, according to ORTEX data. The stock is down nearly 30% YTD. Seven expiry dates cluster between now and mid-June, pointing to active positioning around the earnings date.
TSLA options chains remain among the most liquid in the market. Daily expiries run through next week, with activity spreading across May and June dates.
This article is for informational purposes only and does not constitute 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.
