Bullish options bets are sweeping the semiconductor space. MACOM Technology sits atop this week's ORTEX options score rankings with an RSI of 81.5. The stock is up 110% year-to-date — and call activity has surged alongside it.
SailPoint tells a different story. The cybersecurity firm is down 40% YTD. Its short score sits at 68 — but options hedging is rising even as short sellers begin to unwind. ORTEX flagged the pattern directly: "Options Hedge Up, Shorts Unwinding." That combination can signal a squeeze setup.
Galaxy Digital carries six active expiry dates out to July. Shorts are holding firm despite the stock gaining 62% in one month. Options traders are clearly split on direction.
In pure flow terms, SanDisk is the standout. It tops the bullish-bet rankings by total options flow — up an eye-catching 558% YTD. Micron and AMD follow close behind, each pulling massive call-side volume as the memory and chip trade accelerates.
CoreWeave has the deepest options chain of any recent IPO — expiries stretch all the way to July 2026. That reflects heavy institutional interest after its post-earnings selloff.
QXO stands out as a contrarian signal. Its days-to-cover hit 22 — among the highest tracked. Yet its options positivity score remains elevated. Traders appear to be betting on a short squeeze rather than further downside.
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.
