Bullish options bets are piling into semiconductors. Micron Technology and NVIDIA top the leaderboard for positive options bets over the past seven days. Both stocks carry heavy call-side flow. Advanced Micro Devices sits close behind in the rankings.
Micron is up 127% year-to-date. Its RSI of 77 signals overbought conditions. Yet call buyers keep coming. Options expiries run weekly all the way to August. That breadth of activity suggests traders are not just punting short-term.
Intel is the standout surprise. Up 206% year-to-date, it still attracts significant positive options flow. Its RSI sits at 80.5 — the highest of any large-cap name in the screen. That points to momentum chasers loading calls rather than contrarians fading the move.
On the bearish side, Meta Platforms draws the most negative options bets. It is down 7% year-to-date. RSI of 44 sits below the neutral line. Put buyers appear to be pressing the weakness.
Two smaller names stand out for unusual sentiment. carries a short score of 79.8 and a 22.6 days-to-cover reading. Its options score is among the highest in the market. That combination — high short interest, high options score — can precede sharp moves.
Navitas Semiconductor is up 121% year-to-date and shows one of the strongest options scores in the market this week. Traders appear to be positioning for further upside despite a stretched valuation.
The broader tone leans bullish. Chip names dominate call flow. Macro uncertainty from Middle East tensions has not yet dampened appetite for tech upside bets.
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.
