Semiconductors dominated options flow this week. Micron Technology and NVIDIA both topped the bullish-bets leaderboard. Options traders piled into calls on both names. Micron is up 172% year-to-date. NVIDIA is up 21%.
MACOM Technology Solutions stands out as a less obvious name generating strong options activity. The chipmaker has surged 124% year-to-date. Its RSI sits at 83. That is deep overbought territory. Yet bullish bets kept flowing in. Traders appear reluctant to fade the momentum.
Health care is the other story. Centene Corporation ranked first in the ORTEX 7-day options score. It is up 43% year-to-date. RSI hit 83. That combination of price momentum and heavy call activity flags speculative conviction at elevated levels.
On the bearish side, Micron also led in negative bets volume — an unusual split. Both bulls and bears are active. That kind of two-sided flow often signals a big move is expected ahead of an upcoming catalyst. Micron reports Q2 results soon.
joined the call-heavy flow. AMD is up 108% year-to-date. RSI sits at 77. The entire semiconductor space is seeing elevated options interest as AI infrastructure demand stays in focus.
The near-term expiry cluster for most of these names is May 18–22. Gamma risk is elevated heading into the weekend. Traders should watch for sharp intraday moves as market makers hedge positions into expiry.
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.
