Options markets are flashing strong bullish signals ahead of a cluster of earnings reports next week.
SAIC grabbed the spotlight on Sunday. Its put/call ratio hit a year-low, meaning call buyers have overwhelmed put buyers. The defence IT firm reports this week. Short interest sits at 6.9% of free float. The options chain shows expirations running only through August, keeping activity concentrated.
RBRK tells a similar story. ORTEX flagged "bulls own the room" ahead of its June 3 print. The cybersecurity firm carries a $12.7bn market cap and short interest of 10.3% of FF. Near-term expiries cluster around June 5, just days after results land — pointing to event-driven call positioning.
OKLO is the contrarian read. Short interest spiked 21% in a week to 23.5% of FF. Borrow availability is razor thin at just 9.8% of SI. Put buyers are circling the nuclear energy startup before June 3 earnings.
MDT and VEEV round out the earnings watch list. Medtronic faces analyst target cuts going into its Q4 print. Veeva's short interest doubled recently, yet borrow costs remain low at 0.53% — suggesting the new shorts are not being punished yet.
The broader theme: call positioning dominates most names, but OKLO stands out as a clear bearish outlier with tight borrow and rising short exposure.
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.
