Options sentiment shifted bullishly this week. Several large-cap names posted 100% positive bets ratios over the past seven days, a notable cluster not seen in recent sessions.
CVS Health leads the healthcare options story. The stock is up 23% year-to-date. Its options score jumped into the top tier this week. The nearest expiry is May 20, with concentrated activity into June. Centene tells a similar story. The managed care name gained 43% in 2026 and landed among the highest options scores for large-caps. Its RSI sits at 82.9 — deep overbought territory. That combination of call demand and stretched technicals is worth watching closely.
In semiconductors, MACOM Technology has a 7-day options score at the top of its peer group. The stock surged 124% this year. A Q2 earnings call is on deck, making near-term options positioning particularly active. Micron Technology drew the heaviest negative options bets by raw volume, suggesting some hedging against its 172% YTD run. Options run through August.
Live Nation Entertainment stands out as an unusual name. It carries a short score of 65.9 and 10.3 days-to-cover. Yet its options score ranks high. That contradiction — heavy short positioning alongside bullish options flow — signals a potential squeeze setup. Options extend to August 2026.
Take-Two Interactive has GTA VI expectations embedded in its options chain. Expiries cluster in June and July. Positive options bets reached 100% this week for the entertainment sector group.
Overall, bulls dominate the 7-day options flow across mid and large-cap US names. The key risk is that many top names are overbought. Options traders appear to be positioned for continued momentum rather than a reversal — at least for now.
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.
