Options activity is clustering around two clear themes today: semiconductors and healthcare.
NVDA stands out for sheer options breadth. The chip giant has 28 active expiry dates stretching through July 2026. That's a sign of sustained, multi-timeframe positioning — not routine hedging. The stock is up 6.4% year-to-date and sits at an RSI of 50, giving traders room in both directions.
INTC is drawing heavy bullish flow. It ranks among the top names by positive options bets over the past 7 days. Shares are up 160% year-to-date. RSI sits at 84.5, flashing overbought signals — yet call buyers keep piling in.
MU and SNDK are both seeing strong positive options bets. Micron is up 102% year-to-date. SanDisk has surged 429%. Options traders appear to be chasing momentum in memory chips.
On the healthcare side, CYTK topped the 7-day options sentiment score. The biotech priced a $700M equity offering at $71 per share — a catalyst that often draws fresh options positioning. Short sellers are already active, with a days-to-cover ratio of 6.9. That squeeze setup attracts both put buyers and aggressive call traders.
DVN in energy also shows dense near-term expiries through June. Energy stocks have rallied hard in 2026. Options writers appear active in setting up covered positions ahead of its earnings call.
The broad signal: traders are buying momentum in chips and watching for volatility in biotech.
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.
