Semiconductor stocks dominate unusual options flow this week. Micron Technology and SanDisk Corporation rank first in both bullish and bearish options bets across large-cap US names — a rare split signal suggesting traders are hedging heavy exposure, not making one-way directional calls.
MU is up 162% year-to-date. Its RSI sits at 83.8. Both bulls and bears are piling into near-term contracts, with expiries clustered from May 15 through June. That tug-of-war implies elevated implied volatility expectations ahead of its Q2 earnings.
SanDisk tells an even sharper story. The stock is up 558% year-to-date — making it one of the most extreme momentum names in the market. Options activity across both sides is notable. The near-term expiry structure runs only to July 17, concentrating open interest in a tight window.
Intel also appears prominently, up 239% YTD with an RSI of 85. Analysts see 35% downside to their target. Heavy two-way options flow in a stock with that kind of divergence is a classic sign of disagreement about sustainability.
On the macro side, SPY options chains extend all the way to August, reflecting ongoing demand for broad-market hedges. Iran-US tensions remained elevated Sunday. Trump called an Iranian peace proposal "totally unacceptable." Energy names like USO show put-heavy open interest concentrated at deep out-of-the-money strikes below current prices — downside hedges still in play despite oil's recent slide.
Boeing drew attention ahead of Trump's China trip. Its options structure through May is thin but active, with call interest building near current levels.
This article is for informational purposes only and does not constitute 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.
