Options traders went heavy on semiconductors today. Jensen Huang's visit to China sparked a wave of bullish activity across chip names.
NVDA had the most active expiry calendar of any name tracked Wednesday. 27 expiry dates are live through August 2026. That breadth signals sustained institutional engagement, not just short-term speculation. The stock is up 17.7% year-to-date with RSI at 69.
MU drew attention across 17 active expiry dates. The stock has surged 179% year-to-date. Negative options bets rank it among the most contested names in the market. Bears are not conceding despite the rally.
AMD carries a similar options setup. It is up 114% year-to-date. Both MU and AMD carry tight days-to-cover below one day, meaning any short squeeze would be swift.
LCID is the standout outlier. Shares surged Wednesday on no clear fundamental catalyst. Its short score sits at 78. Days-to-cover are 12.8 — the highest among today's active names. Options expiries cluster in the near term, through August. The setup is classic squeeze territory.
On the bullish sentiment side, VRTX showed 100% positive options flow over the past week. Analysts see 22.6% upside. The biotech has lagged the tape year-to-date, down 4%.
Fed speakers added macro noise. Boston Fed President Collins flagged volatile economic data. That uncertainty is keeping SPY options active across all timeframes.
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.
