The options market is flashing bullish signals this week. Across large-cap names, call activity is dominating puts. Several names stand out with unusual positioning.
HCA Healthcare leads the health care sector in bullish options flow. The hospital giant carries a 100% positive options score over the last week. Its RSI sits at just 30.67. That is deep oversold territory. The stock is down 8% year-to-date. Traders appear to be betting on a bounce.
Prologis also shows a 100% positive options reading for the week. The industrial REIT is up nearly 12% year-to-date. Options buyers are stacking into calls ahead of earnings.
The most striking name in the options screen is QXO. The building-products distributor holds an ORTEX short score of 79.8. Days to cover hit 22.6 — one of the highest in the mid-cap space. Yet options sentiment is turning bullish. Analysts see 74% upside. That combination of high short interest and rising call activity can set up a sharp squeeze.
In semiconductors, Micron Technology tops the table for negative bets by dollar value. The stock is up 127% year-to-date. Some traders are booking profits via puts. NVIDIA and also rank high for large-dollar put activity. Both have surged sharply this year. Macro risk — the Iran conflict weighing on oil and sentiment — may be prompting hedges.
On the macro side, SPY options stretch out to August expiries. That suggests traders are hedging well beyond the current quarter.
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.
