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.
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 , 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.
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.
