Markets head into a busy June earnings stretch with options markets tilting bullish. SAIC hit a year-low put/call ratio ahead of its results this week — call buyers are firmly in control. Rubrik tells the same story, with ORTEX flagging heavy call positioning before its June 3 print. The cybersecurity firm carries 10.3% short interest as a % of free float. Bulls and bears are both betting big.
Not all the positioning is bullish. OKLO saw short interest spike 21% in a week to 23.5% of free float ahead of June 3 earnings. Borrow availability has collapsed to just 9.8%. Wolfspeed remains the most extreme short in the US market at 131% of free float — up nearly 20 points in one week. Chewy also drew fresh fire, with SI jumping from 53% to 61% of free float. Bears are not backing down on either name.
Heavy insider selling dominated filings this week. The Walton family sold over $252M of Walmart stock across three transactions. A Twilio board-linked fund offloaded $184M of TWLO in a single day. Ralph Lauren trimmed $99.7M. Stryker director Ronda Stryker filed $85M in sales — and analysts also trimmed their target on the stock.
European defence stocks climbed after Ukraine ratified a $105 billion EU loan deal. Oil is in the spotlight after Chevron's CEO warned prices could jump over summer as Strait of Hormuz disruptions remove up to 13 million barrels a day from global markets. The rouble hit a three-year high, adding pressure to Russia's war economy exports.
A broad sweep of analyst recommendation removals hit medtech Friday. Boston Scientific, Edwards Lifesciences, DexCom, and Abbott all lost ratings simultaneously. Medtronic heads into its June 3 print with analysts already trimming targets — a cautious backdrop for the $94.8 billion device giant.
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.
