The options market is sending sharp signals on June 2, with AI infrastructure and high-short-interest names drawing the most attention.
GDS Holdings, a Chinese data center operator riding the AI wave, stands out today. ORTEX data shows short utilization hit 100%, with borrow availability collapsing to just 0.96% of free float — the lowest in 52 weeks. Short interest sits at 7.6% of free float. That kind of squeeze in borrow availability, combined with active June-18 and July-17 expiries, creates fertile ground for aggressive call positioning as shorts face pressure to cover.
Penguin Solutions is another name to watch. Short interest stands at a hefty 20.6% of free float. Borrow availability is just 25.6%. Options chains show only two near-term expiries — June 18 and July 17 — suggesting low liquidity. Any catalyst could trigger forced unwinds.
Oddity Tech has a similarly elevated short load at 15.1% of free float. Needham reiterated its Hold rating today. Availability is a thin 3.7%, making new short positions expensive to initiate. The June-5 expiry is the nearest dated contract, squeezing timeframes for directional bets.
On the macro side, NVDA options extend all the way to September 2026. That depth signals sustained institutional hedging interest around the AI earnings cycle. TSLA options are densely stacked through August, with 26 active expiries. Both names remain the most liquid single-stock options in the market.
SPY expiries run to September 9 — the longest dated visible in this scan. That span suggests traders are positioning beyond the near-term, likely hedging around macro risk through summer.
This article is not financial advice.
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.
