A heavy earnings week is reshaping trader positioning. Salesforce and Marvell Technology report Wednesday after the close. Marvell's data centre commentary will set the tone for AI infrastructure stocks. Costco and Dollar Tree follow Thursday. Markets are also watching NVIDIA, which dominates options activity with 26 active expiry contracts running through August — a sign of heavy institutional positioning.
AMD is drawing unusual attention today, options expiry Friday. Short interest sits at just 2.3% of free float. Yet traders are loading up on short-dated contracts, suggesting directional bets on near-term volatility.
Bears are pressing their biggest bets. Wolfspeed now sits at 98.2% SI % of FF — nearly no free float left to short. SharkNinja saw a sharp 2.6-point rise in a single week, reaching 9.3% on a $15bn market cap. Workday carries 13.7% SI % FF. It reports this week and appears in both analyst and options commentary — a stock worth watching closely.
The FT reports SpaceX is planning the biggest IPO in history. That story is driving crypto exchanges to launch SpaceX-linked derivatives. Separately, top investor James Anderson — formerly of Baillie Gifford — says the big-tech software era is over. He argues AI gains will flow to hardware suppliers, a view that reinforces the bull case for chip stocks.
Bill Gates filed $202M in Republic Services purchases this week. On the sell side, CVS Health director Larry Robbins filed $317M in CVS sales across three days. Meanwhile, Sweden's Persson family added $157M worth of H&M shares — a notable bet on the retailer's recovery.
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.
