Chips & Shorts Dominate Options Flow

Semiconductors are the loudest corner of the options market right now. Micron Technology and NVIDIA sit at the top of bullish options bets this week. Micron leads all US stocks in positive options flow — remarkable given its 169% YTD price gain. Options expiries for Micron run densely through late May and June, pointing to near-term speculative interest.

NVIDIA holds the second-largest positive options bets pool. Its $5.4 trillion market cap does not dampen the heat. Active expiries stretch all the way to August, with no fewer than 26 expiry dates across the chain.

Sandisk is one to watch. Up 510% year-to-date, it appears in both the top bullish and top bearish bets lists. That two-sided positioning signals elevated uncertainty. Traders are not sure which direction comes next.

Aptiv draws attention on the short side. Short interest jumped 27.7% in a single week to 4.73% of float. The stock is down 29% year-to-date. Its options chain runs only to August — a comparatively thin structure. That thinness, paired with surging short interest and an RSI of just 33, shows the bears are in control.

Strategy Inc shows up in the negative bets list too. Its options chain extends through August with a DTC of 3 days and a short score of 59.8. Analyst upside is a staggering 114% — yet the options market leans bearish. That divergence is worth monitoring closely.

This article is not financial advice.