Options flow is tilting bullish in semiconductors and healthcare this week. Several names stand out for unusual positive sentiment and high RSI readings.
Centene Corporation tops the ORTEX options score board. The managed care giant carries an RSI of 82.9. It is up 43% year-to-date. Options buyers are piling into calls ahead of its Q1 results.
CVS Health shows a similar pattern. RSI sits at 78.4. Its Q1 earnings call is imminent. Options sentiment is firmly positive, a notable shift for a stock with minimal short interest at just 0.4 days to cover.
MACOM Technology Solutions is another high-conviction call. The semiconductor stock is up 124% in 2026. RSI has reached 83.3. Its Q2 2026 earnings call is the nearest catalyst.
In memory chips, Micron Technology has drawn the heaviest negative options bets. It carries the highest absolute count of bearish flow this week. Analysts see 25% downside to consensus targets. RSI of 75.6 suggests the stock may be stretched.
SanDisk Corporation also features prominently on the negative bets list. It is up 482% year-to-date. That extraordinary rally has clearly attracted put buyers looking for a reversal.
One smaller name catching attention: POET Technologies announced a $400M share offering with a single institutional investor. Its short score of 66 is elevated. Options expiries run through July, suggesting traders are positioned for a volatile few months.
On the macro side, SPY expiries are densely packed through June, pointing to heightened hedging demand near-term. Markets are watching US-China trade talks and upcoming Fed commentary closely.
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.
