Options markets are sending mixed signals on Wednesday, with bullish bets flooding into some names while bearish flow quietly builds in others.
ARMK is the standout story. Aramark bulls piled into the options market after the company posted a strong quarterly earnings beat. Call volume spiked sharply. Its cost to borrow doubled in a single week, up 102% to 0.64%, suggesting short sellers are feeling the squeeze. The stock is up nearly 21% year-to-date.
The AI trade is back in focus. NVDA options chains stretch all the way out to August, with 27 active expiry dates — a sign of deep market interest across multiple time horizons. NBIS, the NVIDIA-backed Nebius Group, stunned analysts with monster AI revenue growth. Its options chain now runs through August 2026, and the stock is drawing fresh speculative attention.
On the macro side, SPY carries one of the most active chains in the market. Near-term expiries on May 13 and 14 point to elevated hedging demand right now.
In options sentiment, PLD (Prologis), (Chubb), and each show 100% positive options flow over the past week. That signals pure call-side dominance — no hedging, just directional bets.
On the bear side, PGR (Progressive) and USB (U.S. Bancorp) show 0% positive options flow. Both financials are drawing exclusively bearish positioning this week, with Progressive down nearly 15% year-to-date.
Options sentiment is split right now: AI and post-earnings names attract bulls, while insurance and banking names see growing put pressure.
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.
