Bearish bets are piling up in US tech and energy. Options data shows NVDA, MSFT, and META leading the week in negative options flow — even as their stocks hold recent gains from a strong earnings season.
NVDA carries the heaviest negative options volume of any stock this week. Traders are betting through June and July expiries — a sign the caution is structural, not just a quick hedge. MU and SNDK show similarly large bearish bets in the semiconductor space, despite MU surging nearly 90% year-to-date.
Energy is another hot spot. OPEC+ added 188,000 barrels per day to global supply this week. Options traders responded fast. The XLE energy ETF saw a cluster of put activity out to late June. carries open expiries stacked through July — traders are not ruling out a crude price slide.
On the bullish side, WELL and PLD show 100% positive options flow over the last seven days. REITs are catching a bid as rate-cut bets firm up.
UAL is also in focus after a wing-strike incident at Newark raised fresh safety questions. Options activity extends out to July. Short sellers hold a meaningful position with a 70.6 short score on rival CAR.
WOLF — up 111% year-to-date — carries a short score of 75. Options expiries cluster weekly through June, pointing to elevated near-term volatility expectations. Shorts and options traders appear aligned: the rally may be getting tested.
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.
