Options markets lit up Wednesday ahead of NVDA earnings. Traders crammed 28 expiry dates into position — from today through August. That density of near-dated contracts reflects extreme pre-event uncertainty. Analysts give NVDA 24.8% average upside to their target price.
The other big signal came from HTZ. ORTEX data shows short utilization hitting 100% — near a record high. Shares available to borrow collapsed to just 5.1% of open short positions. That is an extreme squeeze setup. HTZ carries an 8.3-day DTC and a short score of 74.6. Options expiries through July are clustered tightly. Call buyers are watching closely.
GME is trending again. The stock has a 17.2-day DTC — the highest of any major retailer tracked. Its short score sits at 77.8. Analysts see 38% downside to fair value. But that hasn't stopped options traders. Near-dated May 22 and May 29 calls are active, repeating the classic meme-stock pattern.
ARM moved sharply today on NVDA coattails. ARM has nine expiry dates stacked through August. The stock is deep in the options calendar cycle. Traders appear to be using it as a leveraged proxy for AI earnings momentum.
Broader bullish options sentiment also stands out. ICE, CSX, and Prologis all showed 100% positive options flow over the past seven days. That breadth suggests market bulls are not limiting bets to tech alone.
AMZN has the most densely packed expiry chain in today's scan — 28 dates through late August. Jeff Bezos's comments about AI creating a labour shortage, not destroying jobs, added fuel to bullish positioning.
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.
