Options markets are flashing caution on several fronts heading into Friday. Honeywell options turned defensive ahead of today's earnings print. The industrial giant carries a $137.7B market cap. Its nearest expiries are packed — contracts run through May 22 and May 29, with active strikes stretching to August. Traders are using puts to hedge near-term downside.
BJ's Wholesale Club shows the sharpest options skew in nearly a year heading into its print today. Short interest sits at 5.6% of free float. Availability stands at 590% — shares are easy to borrow. Yet the skew spike signals options traders are pricing in a bigger-than-usual move. The nearest liquid expiry is June 18.
Chevron faces political headwinds. California Governor Gavin Newsom called on consumers to avoid the company. CVX options expire today. Sentiment around energy stocks is volatile as Iran war fears drive oil price swings.
NVIDIA remains the most expiry-dense name in the market. 26 active expiry dates run from today through August 21. Despite a post-earnings noise debate, options flow shows no sign of cooling. Jim Cramer noted the pattern remains unbroken.
Digital Turbine reports today with shorts creeping back in — a combination that historically generates outsized options volume in small-cap names.
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.
