The options market is flashing divergent signals across tech on Thursday, with semiconductors dominating both bullish and bearish activity.
NVDA sits at the top of positive options bets over the past seven days. The $5.4 trillion chipmaker has 27 listed expiries through August, with near-term contracts expiring as soon as May 22. Bullish flow has been dominant. Options activity also skews positive for AAPL, AMD, and MU. All three sit in the top positive bets ranking for the week.
The bear case is most visible in MU. Negative options bets ranked it No. 1 by volume this week. The memory chipmaker is up 156% year-to-date. That run may be attracting hedgers.
CRM is drawing attention after UBS cut its price target to $185 while keeping a neutral rating. The stock has 19 listed expiries through August 21. Heavy open interest sits at the $115 put strike for June 18, with 2,357 contracts. That dwarfs nearby call open interest. The put-heavy positioning suggests traders are protecting against downside ahead of its next earnings event.
ZM added $1 billion to its buyback plan today. Options expiries run through August. Near-term call activity could pick up as buyback news tends to lift short-term sentiment.
GE Vernova acquired Robotech Automation, sparking fresh options flow. The deal terms were undisclosed. GEV has 18 expiry dates through August, including monthly and weekly contracts — a sign of active trading interest in the name.
Among the biggest bullish options scores, REITs stood out. Welltower and Prologis both registered 100% positive options scores over the past seven days.
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.
