Options markets are flashing bullish signals across the technology sector this Wednesday. Semiconductors and AI-linked names are drawing the heaviest call-side interest.
Micron Technology tops the options positive bets ranking among mid-to-large cap stocks. The memory chipmaker is up 139% year-to-date. Options flow is skewing call-heavy, with traders targeting near-term expiries through May and June. Micron's next earnings catalyst sits in Q2.
Sandisk Corporation is another standout. The storage hardware spin-off has surged 483% YTD. Options activity is concentrated in short-dated contracts expiring this week and through June. The magnitude of the move suggests traders are positioning for continued momentum rather than mean reversion.
NVIDIA continues to attract heavy positive options flow. The $5.4 trillion giant is up 19% YTD. News that Alphabet and Microsoft are deepening Singapore AI investment alongside NVIDIA added fresh fuel today. Calls cluster across May and June expirations.
On the bearish side, Zoetis stands out. The animal health pharma stock has collapsed 38% in 2026. Its RSI sits at just 23.6 — deeply oversold. Options chains show only three expiry dates available, with activity sparse. Analysts see 58% upside to target price, but sellers are not yet convinced.
Live Nation carries a short score of 66 and 10 days-to-cover. Its options activity score ranks high for positive bets. Traders appear to be using near-term calls as a directional play ahead of a Q1 results event.
Iran tensions and elevated bond yields remain macro headwinds. But options flow says bulls are firmly in charge of the AI and chip trade right now.
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.
