Traders are positioning for near-term moves in two names grabbing headlines Tuesday: MU and RKLB.
UBS raised its price target on Micron Technology to $1,625, a level well above current trading. Options expiries for MU cluster tightly around the June 5, June 17, and June 18 dates. That short-dated concentration signals traders expect a sharp near-term move. MU's ORTEX stock score sits at 90.7 for momentum. Its total score is 90.7 out of 100. Short interest is a modest 3.3% of free float. The call setup looks bullish.
Rocket Lab jumped into the spotlight after announcing a $40M acquisition of Motiv Space Systems. Call-side positioning dominates its options chain out to June. The nearest expiry is May 29 — just days away. At a $78.6B market cap, RKLB has moved far from its small-cap roots. Short interest is 5.4% of free float.
On the macro side, USTR Greer's comments on Mexico tariffs put the iShares MSCI Mexico ETF in traders' sights. EWW's options chain is thin — only June 18 and July 17 expiries are liquid. Short interest is 7.8% of free float. Cost to borrow has crept up to 1.56%. That combination points to growing bearish hedging demand on Mexican exposure.
NVIDIA runs the deepest options chain in the market. Expiries run daily through June, then weekly into September. Short interest remains near zero at 1.2% of free float. Broad market SPY expiries also run daily — consistent with elevated hedging activity around tariff and Iran diplomacy headlines dominating news flow this week.
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.
