Options activity is telling a divided story today. Chips are generating bullish bets. Airlines are drawing in hedgers after Spirit Airlines shut down.
Semiconductors Lead Bullish Flow
INTC tops the RSI chart at 87.5, up 156% year-to-date. Options expiries run thick through late July. Traders are clearly positioning ahead of its Q1 results. AMD is close behind with an RSI of 79.8 and a 68% YTD gain. Both names rank in the top names for positive options bets over the past seven days. NVDA leads all US stocks in raw positive options bet volume. Its next Q1 2027 earnings are far out, yet weekly expiry chains all the way to July show active flow.
Wolfspeed stands out as a contrarian signal. Its options score ranks among the highest despite a short score of 75.5. It has 7.4 days to cover. The market is split: 111% YTD gains clash with heavy short positioning. Near-term expiries cluster in May and June — a sign traders expect a catalyst.
Airlines Under Pressure
Spirit Airlines collapsed this week. Options traders moved fast on the survivors. , , and all show active May expiry chains. has the most expiry dates running into late July, suggesting traders are hedging capacity gains over a longer horizon.
Bearish Outlier: XPeng
XPEV ranks near the top of options scores yet sits down 22% YTD with a DTC of 8.1 days. That combination of high options interest and deep short positioning points to a tug-of-war. May through July expiries are active. A resolution either way could be sharp.
This article 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.
