Options traders are placing their biggest bullish bets on semiconductors and beaten-down tech. ORTEX screening data shows NVIDIA tops the leaderboard for positive options bets over the past seven days. Advanced Micro Devices and Micron Technology sit right behind it. All three carry dense options chains through the summer, with expiries stacking weekly into late July.
SanDisk stands out most. The stock is up 400% year-to-date. It also ranks among the names with the heaviest negative options bets — meaning both bulls and bears are active. That split signals a high-conviction directional fight, not just passive hedging.
Elsewhere, MaxLinear catches the eye. It has surged 343% this year. Its RSI sits at 87 — deep overbought territory. Options expiries are sparse, only May and June. That thin market can amplify moves sharply in either direction.
Wolfspeed carries the highest short score in the semiconductor group at 75.5. It has also doubled year-to-date. Its options chain runs weekly through June. That combination of extreme short interest and surging price is a classic squeeze setup — options traders appear to be positioning for continued volatility.
Snap draws attention on the flip side. The stock is down 22% this year. Its short score is nearly 55. Analysts see 26% upside from here. Options expiries extend into July, suggesting traders are buying time for a potential reversal.
Energy names Devon Energy and Diamondback Energy also show rising options activity. Both are up roughly 38% year-to-date. Near-term expiries cluster in May and June. Earnings loom for both names — traders are clearly pricing event risk.
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.
