Options traders are leaning bullish in three distinct sectors this week. The signals come amid a volatile macro backdrop. An ongoing Iran conflict is pushing oil higher. Semiconductor stocks are rallying hard after a US-China trade reset.
MACOM Technology Solutions tops the ORTEX options score ranking this week. The chip maker is up 110% year-to-date. Its RSI of 81.5 flags overbought territory. Yet call positioning remains aggressive heading into its Q2 earnings call. NXP Semiconductors and Navitas Semiconductor also score high — up 36% and 155% respectively this year.
The SMH semiconductor ETF adds a bearish counterpoint. Short utilization hit a 52-week high of 94%. A 32% monthly rally has drawn heavy hedging. Borrow is getting tight.
Marathon Petroleum carries one of the strongest options scores among large-caps. It is up 51% year-to-date as refining margins improve. also shows elevated options activity with a short score of 39.
Bristol-Myers Squibb struck a $15.2bn pharma collaboration with Hengrui on Monday. Options sentiment flipped positive. Analysts see 13% upside. The stock yields 4.5%.
Wendy's carries a short score of 75 and 6.5 days to cover. Nelson Peltz is reportedly in talks to take the burger chain private. Call activity has spiked on the news.
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.
