Options sentiment is sharply bullish this week. ORTEX data shows energy and semiconductor names dominating positive flow, while a handful of large-cap stocks see unusually heavy put pressure.
Devon Energy and Diamondback Energy both rank among the top options scores over the past seven days. Both stocks are up more than 38% year-to-date. Options chains for Devon run through July. Traders are loading near-term calls ahead of Q1 results. Oil politics add fuel — Bernie Sanders' push for a windfall profits tax on energy companies drew fresh attention to the sector, with the United States Oil Fund seeing active expiry dates as close as May 6.
MaxLinear tops ORTEX's options score ranking this week. The stock is up a remarkable 343% year-to-date. RSI sits at 87. That's a crowded bullish trade. Options only run to June 18, suggesting short-dated speculation rather than a measured position build.
Wolfspeed tells a different story. Short score is a high 75.5. It is up 111% this year. Call options spread across six weekly expiries through June 18. Bearish traders appear caught offside.
Lowe's and ONEOK sit at the bottom of the options sentiment table — zero positive flow over seven days. ONEOK carries a days-to-cover of 15.6, the highest in the bearish group. That combination of low call activity and heavy short positioning flags potential stress ahead.
Apple options run all the way to July 29. The company is fighting a Supreme Court contempt order in its Epic Games dispute. Short-dated puts through May could be active. Its options chain is one of the most liquid in the market.
PayPal heads into its Q1 earnings call with a negative 13.6% year-to-date return. Its options only extend to July 17 — a relatively thin calendar suggesting limited conviction either way ahead of results.
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.
