Options traders are making decisive bets ahead of a cluster of earnings reports this week. Several names stand out for unusual activity.
SAIC hit a year-low put/call ratio on Sunday. That means call buying has swamped put activity. The defence IT firm reports earnings imminently. Its nearest expiry is June 18. Short interest sits at just 6.9% of free float. Borrow availability is 758% of short interest — there is little short pressure.
RBRK shows a distinctly bullish options skew ahead of its June 3 print. The cybersecurity stock carries 10.3% short interest. Options chain expiries cluster around June 5 and June 12 — traders are positioning for a near-term move. With cost to borrow at just 0.44%, shorts are not paying up to hold that position.
OKLO tells a different story. Short interest spiked 21% in one week to 23.5% of free float. Borrow availability has collapsed to just 9.8% of short interest — a severe squeeze risk. Options expiries run through June, suggesting active hedging around the June 3 earnings date.
RVMD jumped into focus after news of a promising pancreatic cancer drug. Options interest extends to July 17. Short interest is modest at 5.7%. Borrow availability at 4,313% signals no short conviction despite the binary catalyst.
UAL options lit up after a mid-flight security scare diverted a Spain-bound flight back to Newark. The June 5 expiry carries the most immediate event risk for the airline sector.
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.
