Semiconductors and macro risk dominated options markets this week. Sandisk topped the ORTEX options board — leading both bullish and bearish bets over seven days. The stock has surged 429% year-to-date. That kind of run pulls in two-way flow fast.
Micron Technology ranked second in positive options bets. It's up 90% YTD. Options buyers keep chasing momentum in memory chips.
NVIDIA sits at the centre of both camps too. Bullish traders see 35% analyst upside. Bearish bets are also heavy. RSI sits at 53 — not extended, but sentiment is split.
Meta Platforms stands out as a divergence play. Its RSI is just 41.25 — the lowest of the megacaps in the scan. It's down 7.8% YTD. Options negative bets ranked it among the top 10 bearish targets this week.
The macro backdrop is driving protective flow elsewhere. 30-year Treasury yields hit 5% today. That's a level that historically triggers equity hedging. SPY options show expiry laddering out through August. Traders are buying time.
Protagonist Therapeutics had the most dramatic earnings beat of the day. Q1 EPS of $0.05 smashed the $(0.42) estimate. Sales hit $56M versus a $16M forecast. Options expiries for PTGX run out only to July — tight chains that could see sharp moves on any follow-through news.
Tesla remains in both top bullish and bearish bet lists. Down 13% YTD, RSI at 57. The market still can't make up its mind.
This article is for informational purposes only and does not constitute 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.
