Semiconductor names dominate bullish options activity this week. NVIDIA leads the US market in positive options bets over the past seven days. Micron Technology and Advanced Micro Devices sit close behind. All three carry strong call-side pressure heading into a busy earnings stretch.
SanDisk Corporation stands out as the week's most extreme case. The stock has surged 362% year-to-date. Options negative bets rank it at the top of the bearish flow table — traders appear to be hedging or fading that extraordinary run.
The EV space is mixed. Rivian Automotive has a short score of 69. The stock is down 18.5% year-to-date. Options expiries cluster around May 8 and May 15. That timing lines up with its Q1 earnings report. Traders are clearly positioning for a volatile print.
Zeta Global Holdings is another name to watch. Analysts see 54% upside from current levels. Days to cover sit at 5.5 — a meaningful squeeze risk. Short sellers are holding firm into its Q1 earnings. The options market shows active positioning on both sides.
Intel carries an RSI of 85.8 — one of the most overbought readings in the market. The stock is up 157% year-to-date. Heavy call volumes have built, but that extreme RSI may deter fresh buyers.
Amgen tops the weekly options score rankings among large-caps. The biotech giant has Q1 results due shortly. Options activity there is concentrated in near-dated May expiries, suggesting traders want short-term exposure rather than long-dated directional bets.
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.
