The semiconductor rally is drawing heavy options traffic. Micron Technology and Sandisk Corporation top both positive and negative large bet counts over the past seven days. That split signals real two-way tension rather than one-sided directional plays.
Advanced Micro Devices sits at the centre of the action. Its RSI hit 81 and shares are up 66% year-to-date. Options expiries run through late July, suggesting traders are pricing in volatility well beyond next week. Negative bets on AMD rank third in the large-cap universe.
Intel tells a starker story. It leads the RSI screen at 86. Shares have surged 193% year-to-date on AI optimism. Yet it ranks among the top bearish options targets. Traders appear to be fading the rally with puts as the stock nears technically stretched levels.
Rocket Lab stands out as the biggest mover. Revenue jumped 64% in Q1. Its options chain now spans expiries from May through July, a sharp expansion in open interest windows. That points to growing speculative interest in a name that rarely dominated options flow before.
MaxLinear is the outlier worth watching. Up 366% year-to-date with an RSI of 88 — the highest in the screener. Options on MaxLinear remain thin relative to mega-caps. Any surge in volume here would be a strong signal.
The broader picture: chip names are absorbing both bullish and bearish flows simultaneously. That divergence in the options market often precedes sharp price moves in either direction as earnings season approaches.
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.
