Earnings season is driving a wave of bullish options positioning across US markets this week. NVDA sits at the center of it all. The chipmaker reports its Q1 2027 results soon. It carries a $5.46 trillion market cap and an RSI of 64.7 — not yet overbought. Negative options bets on NVDA rank among the largest in the market. Yet bulls are racing to raise price targets.
PANW reports its Q3 print this week too. Bulls are leaning in hard ahead of the number. The cybersecurity giant has expiries stacked through August 2026. Near-term call open interest is building fast at $242-$260 strikes for the May 22 expiry.
WMT reports Tuesday. Analysts have been lifting targets. Options chains run through August 2026 with dense activity around the current price level. The retail giant's defensive profile makes it a popular options hedge.
On the momentum side, MCHP — MACOM Technology — has surged 119% YTD with RSI at 78. Options sentiment scores put it at the top of the semiconductor screening table. MXL — MaxLinear — is up 430% YTD. Its options score also sits near the top of its peer group.
RKLB heads into earnings on a 73% monthly surge. Near-term expiries are tight — May 19 and May 22. That signals traders are positioning for a sharp move either way.
NIO shows notably bullish options sentiment ahead of Thursday's print. Near-term expiries run through June. Call volume has been outpacing puts. Prologis and Intercontinental Exchange both show 100% positive options bet ratios over the past week — unusual readings worth watching.
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.
