I now have enough data to write a well-grounded article. Let me compile the key signals:

• INTC: Up 156% YTD, Trump government ownership discussion, 14 expiry dates — high options engagement, RSI 87.5 (overbought)
• AMD: Up 68% YTD, RSI 79.8 — strong call activity implied, large negative bets volume
• NVDA: Largest negative bets by dollar volume, 29 expiry dates available, AI spending narrative
• XPEV: Highest options score among mid-caps, short score 69.8, DTC 8x, RSI 38.6 (oversold) — sentiment divergence
• WOLF (Wolfspeed): Up 111% YTD, short score 75.5, DTC 7.4 — highest options score among $1B+ names
• Sandisk: Up 400% YTD with the largest negative options bets by volume
• MU (Micron): Most expiry dates — 15 active chains, up 90% YTD, suggesting heavy positioning

Chips and Sentiment Diverge in Options Market

Semiconductor stocks are generating the loudest signals in options markets this week. Intel leads the noise. The chipmaker is up 156% year-to-date. Its RSI hit 87 — deep overbought territory. Options activity spans 14 active expiry dates, with the nearest contract expiring May 6.

Advanced Micro Devices sits close behind. AMD is up 68% YTD with an RSI of 79.8. The stock attracts some of the heaviest bearish dollar bets across the US market. That puts it in a tug-of-war: strong price momentum but rising put activity.

Micron Technology shows the deepest options engagement. It carries 15 active expiry chains — more than almost any peer. The stock is up 90% YTD. Traders are positioning heavily into June and beyond.

The most striking divergence is in XPeng. Its options score ranks among the highest of any mid-cap. Yet the RSI sits at 38.6 — oversold. Short interest is elevated with a days-to-cover ratio of 8x. Options traders appear to be split on whether the EV maker bounces or breaks.

Wolfspeed is the wildcard. Up 111% YTD. Its short score of 75.5 is the highest on the options-active list. Days-to-cover sits at 7.4. That combination of high short interest and surging price creates squeeze risk heading into Q3 results.

Sandisk, up 400% YTD, carries the largest negative options bets by raw volume among mid-caps. Traders appear cautious about how far the rally can run.