Options flow this week shows a clear split across the market. Bearish bets are clustering in semiconductors. Bullish money is quietly piling into real estate and old-economy names.
MU tops the negative-bets leaderboard among large caps. SNDK sits right behind it. Both are chip-adjacent plays riding extreme year-to-date gains — MU up 172% and SNDK up 493% in 2026. Traders are clearly hedging those runs hard.
NVDA also draws heavy negative options flow. Its RSI sits at 64. That is not extreme, but bears are betting it stalls near the $5.7 trillion market cap mark. INTC, up 214% YTD, faces similar skepticism in the options pit.
On the bullish side, 100% of 7-day options bets on PLD are positive. ICE and MNST share the same all-bullish reading. These are defensive rotations. Traders are buying upside in stable, cash-generative businesses.
TSLA appears on both sides. It draws large negative bets but also significant positive flow. Sentiment is genuinely split. Its RSI of 58 gives neither camp a clear edge.
MACOM has the highest 7-day options score among screened names. Its RSI is 78 and shares are up 124% YTD. That combination of hot momentum and elevated options scoring suggests traders expect more movement — in one direction or another — very soon.
Options data sourced from ORTEX. 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.
