Rubrik options flashed a record low put/call ratio today. That is a strong bullish signal. Traders are piling into calls ahead of earnings, betting on a sharp move higher.
The setup is striking. ORTEX data shows the record-low PCR arrived with earnings on the same day. Call buyers outnumber put buyers by an unusual margin. That kind of extreme sentiment can precede big post-earnings gains — or a swift reversal if results disappoint.
Meanwhile, Broadcom dominated headlines for the wrong reasons. Shares dropped 12% Thursday after a weak revenue outlook. Options expiry dates stretch out to August, giving traders room to position. Short interest in AVGO sits near 1.1% of free float — lean by any measure. But with a $285bn market cap hit, near-term put flow is likely to spike.
Strategy has 14 active expiry dates running through August. Shorts remain heavily entrenched, down 30% over the past month. The options chain shows elevated hedging demand. Weekly expirations every few days suggest active, short-term speculation.
Reddit bulls are also stepping up. ORTEX flags unusual call sentiment ahead of Monday's earnings print. Traders are not waiting. Open interest is building in the June and July strikes.
Options markets are sending a clear message: earnings season is not over. Watch RBRK closely today.
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.
