Dell Technologies landed a $9.7 billion Pentagon contract this week. Options traders reacted fast.
DELL has 13 active expiry dates stretching to August 21. Near-term contracts through June are seeing the heaviest attention. The stock's ORTEX score hit 80.3 — its highest reading of the month. Momentum jumped to 80.5 from 70.2 just two weeks ago.
The Pentagon deal news matters for the broader AI hardware chain. NVIDIA options remain deeply liquid, with 26 expiry dates running through September. Short interest sits at just 1.2% of free float. That low short base limits squeeze potential but signals broad bullish consensus.
Micron Technology carries the most expiry dates in this group — 19 stretching to August 31. Short interest is 3.3% of free float. Availability of shares to borrow is essentially unlimited. That points to no short squeeze pressure.
The AI chipmaker ETF noted by FT saw its fastest-ever $10 billion valuation. That pace of capital rotation feeds call activity in underlying chip names.
KKR options activity is also worth watching. The firm's new private credit product targeting wealthy investors triggered fresh interest. Its options chain runs to August 21.
The common thread: money is rotating into AI-linked infrastructure plays. Options expiries cluster around June and July — the next catalyst window traders are pricing for.
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.
