Earnings season is shaping up key options action this week. Several names show notable positioning ahead of their results.
American Tower has a warning signal flashing in options markets ahead of its May 20 print. The stock is down 2.8% year-to-date. Its RSI sits at just 38.6 — near oversold territory. Options expiries cluster at June 18 and July 17, suggesting traders are positioning beyond the immediate earnings date. Analysts still see 26.7% upside from current levels.
Crown Castle shows a similar bear lean. The REIT has barely three active expiry dates — June 18, June 24, and July 17. That thin expiry chain points to low conviction on a sharp bounce.
Snowflake is heading into its Q1 print with bears pulling back, per ORTEX signals. The stock is down 28% year-to-date. Yet analysts see 45.8% return potential — the highest of the names tracked this week. Options expiries run out to August 21, showing interest in longer-dated bets. The May 28 and May 29 expiries stand out as unusual additions — likely positioned for a post-earnings gap.
GE Vernova carries the most dense expiry schedule of any name watched this week. 18 separate expiry dates run from May 20 through August 21. The stock is up 60.5% year-to-date. Analyst upgrades met CEO share sales ahead of the Q2 print — a split signal the options market appears to be wrestling with.
Micron Technology and NVIDIA lead the week in raw options bet volume. Micron is up 154% year-to-date. NVIDIA has 27 active expiry dates — more than any other stock screened. That density of near-term expiries points to continued high implied volatility expectations around its upcoming results.
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.
