Options markets lit up on May 29, with several names drawing unusual attention across very different sectors.
GOOGL (Alphabet) commands the broadest expiry ladder of the day — 19 active expiries running from today through August. Truist raised its price target to $430 this session. Short interest sits at just 1.4% of free float. Call open interest at deep in-the-money strikes is concentrated, signalling steady bullish positioning rather than speculative hedging.
MNKD (MannKind) is today's standout catalyst play. The FDA approved pediatric use of its inhaled insulin Afrezza for children aged 6 and older. Short interest is 10.1% of free float. Options expiries extend only to August, a thin chain for a stock with a fresh regulatory catalyst. That mismatch between news magnitude and options depth often creates rapid repricing.
CZR (Caesars Entertainment) drew a downgrade from Truist to Hold, with a new $31 target. Short interest stands at 12.7% of free float — among the higher readings in the consumer sector. Downgrade days often see a spike in put volume at near-term strikes. Options run to mid-July, giving bears a defined window to position.
MSTR (Strategy Inc) has 12 active expiries including a rare June 22 date. Short interest is 12.0% of free float. Bitcoin controversy around its Coinbase transfer arrangements is generating noise. That debate tends to push put volume sharply, especially at front-month strikes.
Oil markets are also in play. A Chevron CEO warning on summer supply crunch adds a bullish tilt to USO call positioning heading into June.
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.
