The options market is sending mixed signals today. Three names stand out for very different reasons.
NVDA has the most expiry dates of any stock tracked — 27 active chains running to September. That level of options infrastructure reflects massive speculative interest. Short interest sits at just 1.3% of free float. Yet ORTEX flags a "momentum gap" heading into June's print. Near-term expiries cluster on June 1 and June 5. Traders are positioning fast.
GME goes into its earnings print with options settling down — but shorts are holding firm. Short interest is 14.9% of free float. Availability of shares to borrow is tight at just 65% of SI. With earnings nine days away, options chains run only to July 17. That short expiry window limits the squeeze runway.
CRDO heads into its own earnings with shorts retreating fast. Short interest is 5.7% of free float — and borrow availability is an enormous 4,809% of SI. Shorts can exit easily. Options are active out to August 21. The Street is scrambling to raise targets.
SPCE is the wildcard. Shorts caught a 91% weekly squeeze this week. Short interest remains elevated at 23.2% of free float. Cost to borrow is 8.98%. Options chains are thin — only two expiries remain. That thinness amplifies any move in either direction.
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.
