Semiconductor names are pulling the bulk of options activity this week. Micron Technology tops both the bullish bets and total options flow rankings over the past seven days. That comes as MU has already soared 172% year-to-date. Traders are piling in on the call side. The stock has a low DTC of just 0.19, suggesting short sellers are not fighting the trend.
SanDisk ranks alongside Micron in raw options volume. It is up an eye-popping 493% YTD. That kind of move typically draws speculative options flow — and that is exactly what is showing up in the data.
NVIDIA and Advanced Micro Devices also appear across multiple top-flow screens. Both show elevated positive bets and negative bets, meaning the market is active on both sides. NVDA is up 26% YTD with a $5.7 trillion market cap. AMD has surged 110% so far this year.
Tesla and Amazon round out the heavy options flow list. Options expiries for AMZN run all the way to August 2026. That signals traders are positioning for moves well beyond next week's price action.
Away from mega-cap tech, Cytokinetics stands out. The biotech carries a 58.9 short score and 6.3 days to cover. Its options chain only goes to August. That limited expiry structure can amplify implied volatility around pending catalysts.
GameStop shows the highest DTC of any name in the top options activity screen — 17.9 days. It retains a short score of 77.2. Short-dated options into late May are in play. Traders appear split on whether meme momentum can return.
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.
