Options markets are flashing clear signals ahead of a cluster of earnings events this week. Three names stand out for unusual activity and sentiment divergence.
SAIC — Science Applications International Corporation — heads into its earnings print with calls at a year-low put/call ratio. That means bullish bets are dominating. Traders loaded up on the June 18 expiry, with heavy volume at the $95 put strike (74 contracts) suggesting some hedging of downside risk. Short interest sits at 6.9% of free float. The cost to borrow is just 0.52%, so shorts face little squeeze pressure.
RBRK — Rubrik — reports June 3. Options bulls own the near-term picture. The June 5 chain shows call open interest stacked well above put activity at most strikes. Short interest is 10.3% of free float. Availability of shares to borrow stands at 661% of SI — plenty of stock to short — but the options market disagrees with the bears.
OKLO is the most striking setup. Short interest spiked 21% in a single week before its June 3 earnings. SI now sits at 23.5% of free float. Availability has collapsed to just 9.8% of short interest — a very tight borrow market. The August 21 expiry attracted the most options attention, suggesting traders are positioning for a longer-term move. The cost to borrow is 1.11%, the highest of this group.
VEEV shorts doubled recently but the borrow market stays relaxed, with availability at 1,137% of SI. Options open interest clusters around the June 18 and July 17 expiries, with no clear directional lean.
The broader theme: earnings-driven options setups dominate today's flow. OKLO's tight borrow and surging short interest make it the name to watch most closely on June 3.
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.
