Semiconductors are dominating options activity this week — on both the bullish and bearish sides of the ledger.
NVDA tops both the positive and negative large-bet rankings over the past seven days. That two-sided flow is notable. It signals a market divided on whether the AI rally has legs. AMD and MU sit alongside NVDA on both lists. All three carry RSI readings above 80, flagging technically overbought conditions.
INTC stands out with an RSI of 85 — the highest in the group. The stock is up 238% year-to-date. Heavy negative options bets there suggest traders are bracing for a pullback.
HIMS is in focus after falling sharply Monday. Its May 15 put open interest is skewed heavily bearish at the $12 strike, where over 12,000 contracts are open. Call volume at that expiry is thin by comparison. The ratio points to continued downside hedging into this week's expiry.
On the bullish side, HCA shows 100% positive options flow over the past seven days. The healthcare provider is down nearly 7% year-to-date. That combination of underperformance and bullish options bets suggests some traders see a contrarian setup.
PGR sits at the opposite extreme — 0% positive options flow. Progressive is off nearly 15% YTD. Bears are active there with no sign of capitulation yet.
SANDISK has surged 558% this year and still attracts negative bets. With an RSI near 80, the options market appears unconvinced the run continues.
This is 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.
