Today is one of the busiest earnings days of the quarter. Tech, retail, and financials all collide at the bell — and options traders are bracing for it.
CRM, MRVL, SNPS, and HPQ all report today after the close. That's a rare concentration of large-cap tech in a single session. Options flow across the board leans defensive. Bears are actively protecting positions ahead of each print.
CHWY is the standout short setup. Short interest sits at 52% of free float. Bears piled into puts ahead of today's report. With borrowing still available, the short-side pressure is unlikely to ease quickly.
BRZE is the mirror trade. Shorts held firm despite a 17% weekly rally going into earnings. Short interest remains near 15% of free float. That squeeze risk is real.
GLXY (Galaxy Digital) adds a twist. Its chairman sold shares into a recent rally. At the same time, short interest eased ahead of earnings — suggesting some bears are stepping aside.
CVX director John B. Hess filed $73.4 million in stock sales this week. The trades — 380,000 shares — all took place on May 20. It is the largest US insider sale filed in recent days. Hess joined Chevron's board following the Hess Corp acquisition in 2024.
SentinelOne analysts lifted targets ahead of tomorrow's print. Vertex Pharmaceuticals also saw consensus targets edge higher. Analysts downgraded Western Digital and Southwest Airlines, adding fresh headwinds to both names.
WBI short interest jumped 15.5 percentage points in a week to 42.8% of free float. Borrow availability sits at 171% — room for more. WOLF (Wolfspeed) remains the most extreme short in the market, with SI exceeding 117% of free float and zero shares left to borrow.
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.
