Semiconductor stocks are dominating options flow this week. Intel and Micron Technology sit at the top of positive options bets across large-cap US names. Both carry the highest raw volume of bullish options orders over the past seven days. The backdrop is clear: takeover buzz around AI chip startup Tenstorrent — with both Intel and QUALCOMM named as potential suitors — has energised call activity across the chip sector. Intel is up nearly 195% year-to-date. Options traders appear to be positioning for a further run.
Micron is up 154% year-to-date. Its options chain shows the heaviest near-term activity clustered around May 19 and May 22 expiries. That indicates short-dated momentum bets rather than cautious hedging.
On the bearish side, NVIDIA, Tesla, and attract the largest negative options bets by dollar value. These are not new short ideas — they reflect ongoing hedging activity at scale in mega-cap names with the most liquid options markets.
A standout on positive options sentiment is MACOM Technology Solutions. Its options score ranks top across mid-large caps. The stock is up 119% year-to-date and has an RSI of 78. Traders are leaning bullish into its upcoming Q2 earnings call.
GameStop remains notable on the radar. Its short score sits at 77 with days-to-cover at 17.9. Options activity on meme-adjacent names tends to spike with little warning.
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.
