Options markets are sending a stark divergence signal this week. Tower REITs are drawing heavy bearish flow. Meanwhile, semiconductors are lighting up on the bullish side.
American Tower is flashing a warning. ORTEX data shows its 7-day options positive percentage sits at 0%. Every significant options bet placed recently has been to the downside. The stock is down 2.9% year-to-date. It reports Q1 results on May 20 — just days away. Bears are clearly not waiting.
Crown Castle tells the opposite story. Its 7-day positive options percentage hit 100%. All recent flow has been calls. That is a sharp reversal for a stock that has also lagged this year. The nearest expiry for CCI is June 18 — options traders are positioned well before any catalyst.
The divergence within the tower REIT sector is notable. Both companies operate in the same industry. Yet options sentiment has split cleanly in two directions ahead of earnings.
On the growth side, MACOM Technology Solutions tops the semiconductor options score table. The stock is up 124% year-to-date. RSI sits at 78. Earnings are imminent. Options flow here leans bullish, reflecting momentum bets rather than defensive hedging.
Snowflake also carries notable options attention this week. Bears have been retreating on the data-cloud name ahead of its Q1 print. The nearest active expiry cluster runs from May 22 through June. Short sellers are covering. Options sentiment is shifting.
NVIDIA remains the largest recipient of negative options bets by raw dollar value — but that reflects its sheer size, not a directional change. Sentiment there remains broadly constructive.
This article 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.
