Ahead of a busy earnings slate, options markets are flagging sharp sentiment swings across several high-profile names.
LUNR — Intuitive Machines — is the most striking signal today. Every bearish metric has escalated into Thursday's print. Short interest sits at 24.4% of free float. Borrow availability is near zero at just 2% of SI. Options chains extend to July 17. The setup reads as a crowded bear trade.
REPL faces the opposite pressure. Replimune short sellers are trapped in a 260% rally heading into earnings. SI stands at a massive 44.9% of free float. That level of short exposure into a strong price move is classic squeeze fuel.
CRDO has bulls in charge ahead of tonight's report. Credo Technology carries 5.7% SI % FF with options dated out to August. The near-term June 5 expiry concentrates risk sharply.
APP options turned bullish as analysts stay constructive ahead of its Q2 print. AppLovin carries only 5% SI % FF. PLTR options shifted notably with a June 4 expiry — tomorrow — sitting at the front of the chain. Palantir reports June 3.
Oil stocks are also in the frame. CVX carries dense options coverage through late August. Iran war tensions are driving gas prices higher, adding macro fuel to energy options flow.
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.
