I now have enough data to write a strong, focused options note. Key signals: semiconductors dominating both bullish and bearish options flow (MU, AMD, INTC, NVDA all appearing), INTC up 238% YTD with RSI 85, MU up 162% with massive options bets both ways, SNDX/Sandisk up 558% YTD, and the US-China trade summit as macro catalyst. HCA Healthcare showing 100% positive options score with RSI only 35.67 (oversold bounce play). MACOM Technology leading the options score with 110% YTD gains.

Chips Dominate Options As Trade Truce Sparks Bets

Semiconductor stocks are flooding the options market. Both bullish and bearish flow is concentrated in the chip sector this week. Traders are positioning around Monday's Trump-Xi summit and a de-escalation in tariffs.

MU tops the charts for options activity. The memory giant is up 162% year-to-date. Its RSI stands at 83.8 — deep in overbought territory. Bearish bets are piling in. Yet bulls haven't backed off either, with MU also ranking first for positive options flow over seven days.

AMD tells a similar story. Shares are up 112% this year. RSI sits at 80.8. Traders are loading both sides ahead of earnings. The same pattern appears in INTC, up a staggering 238% year-to-date with an RSI of 85 — among the most overbought large-caps in the market right now.

NVDA appears in top negative bets despite a more modest 15% YTD gain. Analysts still see 25% upside. That divergence between bearish options flow and analyst targets is worth watching.

Away from chips, HCA Healthcare stands out. Its options score is 100% positive over seven days. Yet the stock is down 7% this year and RSI is just 35.7. That combination — bullish options flow on an oversold, underperforming stock — suggests a contrarian bounce trade is being set up.

MACOM Technology leads the ORTEX options score overall. The semiconductor firm is up 110% in 2026. Its next expiry is May 15 — just days away — pointing to short-term, high-conviction positioning.

The US-China trade summit backdrop is driving urgency. Traders are not waiting for confirmation. They're betting now.

This is not financial advice.