Semiconductors are dominating options activity. Micron Technology and SanDisk sit at the top of both the bullish and bearish bets leaderboard simultaneously — a rare split signal. Both names carry RSI readings above 81, deep in overbought territory.
MU leads on positive options bets over the past seven days. The stock is up 102% year-to-date. Yet bearish contracts are also piling in. Traders appear split on whether the memory rally has legs.
SanDisk tells a similar story. Up 429% YTD, the stock now carries a $186 billion market cap. Options bulls and bears are both active. That kind of two-sided flow often signals a sharp move ahead — direction unknown.
Intel is the cleaner bearish signal. It ranks among the top names for negative bets. Analysts see 27% downside to consensus target prices. RSI at 84.5 points to near-term exhaustion. Put buyers appear to be fading the 160% YTD run.
NVIDIA sits in both the bullish and bearish top-ten lists. Positive bet value outweighs negative. The stock has $37% analyst upside. That divergence between call and put flow suggests options traders are largely buying dips.
On the macro side, Meta Platforms and Microsoft show elevated negative bets. Both are down meaningfully YTD. RSI readings below 40 for Meta suggest momentum remains weak.
The clearest options signal today: semiconductor bulls are running hot, but smart money is buying insurance on the way up.
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.
