Options traders are positioning heavily around earnings and semiconductors this week. The signals point to a split market — bulls loading calls on AI names while hedgers pile puts on memory chip stocks.
Micron Technology stands out with the highest negative options bets among large caps over the past seven days. The stock is up 139% year-to-date. That run has attracted significant downside protection. Traders appear to be locking in gains ahead of the next results, with bearish options bets ranking first across the $5B+ universe.
Zoom Communications is the sharpest pre-earnings play today. The stock reports tonight. Options activity spans near-dated May 22 expiries all the way to August. Analysts have been lifting targets into the print — the ORTEX news desk flagged this as a notable signal. Short-term traders are choosing sides fast.
Booz Allen Hamilton also reports tomorrow. Options traders eased their hedging pressure in recent days. ORTEX data shows activity concentrated in June and July expiries. The shift suggests fewer bears setting traps ahead of the print.
On the bullish side, NVIDIA and both rank among the top positive-bet targets over the week. leads the options score table with an RSI of 81 and rising call interest.
SoundHound AI also stands out. Its congested short book meets fresh options expiries through July — a setup that traders often exploit for volatility plays.
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.
