Post-earnings options activity is heating up across several names today. Three stocks are drawing unusual attention after surprise results.
GME — GameStop — smashed Q1 estimates. EPS came in at $0.30 versus a $0.16 estimate. Sales of $835M also beat by a wide margin. Short interest sits at 13.1% of free float. Near-term options expiries cluster tightly on June 5 and June 12. That compressed timeline points to traders positioning for sharp post-earnings moves.
GTLB — GitLab — rallied sharply after its own Q1 beat. Short interest is elevated at 15.9% of free float. Options run out as far as August 21. Availability of shares to borrow stands at over 1,370% of short interest — plenty of fuel for a squeeze if call buyers press higher.
ULTA — Ulta Beauty — climbed on a strong Q1 report. SI is a modest 5.2% of free float. Availability exceeds 1,500%, signalling bears face no real borrow crunch.
NVDA leads the pack in expiry density. It carries 28 listed expiry dates through September 2 — far more than peers. That reflects massive ongoing two-way flow as traders react to Trump's AI security orders. Short interest remains low at just 1.3% of free float.
The common thread today: earnings surprises are driving short-dated call activity. Traders are reaching for near-term strikes before positions reset.
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.
