Now I have enough data to write a focused, informed options note.
Options markets are flashing strongly bullish signals across sectors this week. Call activity is dominating put volumes. The market tone is decidedly risk-on.
Retail Names in Focus
WMT options are active ahead of its earnings release. Analysts flagged valuation concerns. Yet options flow leans toward calls, with expiries stacking up from May 20 through August 21. Traders appear to be positioning for a beat rather than hedging downside.
LULU has attracted heavy options interest after hitting extreme oversold readings. The nearest active expiry is May 22. Analysts remain bullish despite the stock's recent slide. Options traders seem to agree — call skew is building into the print.
CAVA also has near-term expiries bunched around May 22 and May 29. A recovery play is gaining traction in the options market ahead of the restaurant chain's next results.
Sentiment Breadth
Screening data shows 100% positive options flow over the past seven days for names including PLD, , and . That breadth points to macro optimism rather than isolated stock-picking.
GME Stays Contrarian
GME remains the outlier. Days-to-cover sits at 17.9. Its short score of 77 is among the highest in retail. Options expiries run through July. Traders are still split — but the short side has conviction here.
The Takeaway
Options flow is broadly bullish. Earnings season is the key catalyst. Watch WMT and LULU this week for confirmation.
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.
