Options markets are flashing caution signals across a cluster of pre-earnings names this week.
RXO heads into Tuesday's print with the options market sending a warning. The freight brokerage stock has rallied hard, but traders just loaded up on near-term puts expiring May 15. The June 18 chain is also active, suggesting hedgers expect volatility to persist well past the print.
LUNR shows one of the broadest expiry structures among small-caps right now. Eight active expiry dates run through July. Insiders sold into this week's rally. Options flow is reflecting that unease.
BBAI bears are holding firm ahead of Q1 results. Put exposure spans eight expiry dates out to July 17. The short score sits high. The options market agrees — little optimism is priced in.
On the macro side, SPY shows the deepest expiry curve of any name tracked — 44 active expirations running through mid-August. That reflects massive near-term hedging demand. Geopolitical risk around the Middle East conflict is pushing traders to buy protection weekly rather than monthly.
Elsewhere, QXO stands out with a days-to-cover ratio of 22. That extreme short positioning, combined with a 73% analyst upside target, makes it a prime candidate for a short squeeze. Options open interest is building heading into its Q1 print.
CYTK — Cytokinetics — carries a short score of 59 and 33% analyst upside. Its options structure concentrates around three expiries, pointing to a binary event bet rather than hedging.
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.
