Options sentiment this week is sharply split. Bulls are loading calls on mega-cap names. Bears are targeting the chip sector with unusual aggression.
Micron Technology tops the negative-bets leaderboard for the week. NVIDIA, AMD, and Intel follow close behind. All four are seeing the largest put volumes among large-cap US stocks. Micron is up 154% YTD. The options market may be flagging overextension.
SanDisk stands out even more. The stock is up nearly 493% year-to-date. It ranks second for negative options bets this week. That is a striking divergence between price momentum and options sentiment.
On the other side, 100% of options bets are positive this week for CVS Health. CVS has climbed 21% this year. Its RSI sits at 74. The options score at ORTEX is also among the highest of any large-cap name.
Cytokinetics posts the top options score of any US stock this week. The biotech is up 19% YTD. It carries a short score of 59 and 6.3 days to cover. The bullish options positioning here sits against a heavily shorted backdrop — a potential squeeze setup.
NVIDIA has an unusually dense expiry calendar. It has options expiring on eight separate dates before June 5 alone. That density signals traders are actively positioning around short-term catalysts. NVDA's next major earnings event is not due until Q1 2027.
GameStop has a short score of 77 and 17.9 days to cover. Its options score also ranks in the top tier this week. With no near-term earnings catalyst, that combination warrants close watching.
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.
