Options markets are flashing a sharp split in sentiment on May 16. Bullish flow dominates some of the market's biggest names. Bearish bets concentrate elsewhere.
Prologis, Intercontinental Exchange, and Monster Beverage all posted a 100% positive options score over the past seven days. Every large options bet on these names leaned bullish. That is unusual for names of this size.
On the other side, Progressive Corporation and American Tower hit 0% on the same metric. All tracked options flow for both names turned bearish. Progressive has shed 13.5% year-to-date. Sellers are pressing the move.
TransDigm Group is one name to watch closely. Options market makers flagged it as having flipped bullish after a post-earnings rally faded. Its next expiry lands June 18. Analysts see 33% upside from current levels, yet the stock is still down 11.4% in 2026. That gap between price and analyst targets tends to attract speculative call buying.
NVDA options remain the most active in the market. Expiries run weekly out to August. That density of near-dated strikes points to traders positioning around short-term catalysts rather than long-term views.
GameStop carries 17.9 days to cover — the highest among mid-large caps screened. Its options score is elevated. That combination historically precedes sharp moves in either direction.
This article is for informational purposes only and does not constitute 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.
