Tech Wobble, Squeeze Plays, and a $25M Cruise Buy

Broadcom's Drop Dominates

AVGO shed 12% Thursday after a weak revenue outlook. The selloff hit $285bn in market cap in a single session. Short interest is only 1.1% of free float. The damage here is earnings-driven, not a short story. Options traders are now expected to pile into puts heading into the weekend.

Earnings in Focus

RBRK options hit a record low put/call ratio today — traders are betting heavily on a post-earnings pop. RDDT bulls are also positioned ahead of Monday's print. HON faces its own test Monday, down 6.5% over the past week. Analysts still lean bullish on the industrial giant. ORCL reports Wednesday and ADBE on Thursday — two of the week's largest earnings events.

Short Interest Flashpoints

WOLF remains the most extreme squeeze setup in the market. Short interest sits at 114.6% of free float, down from 134% last week. A gap-up earlier this week forced rapid covering. DAVE saw the biggest weekly short build — SI % FF jumped 10.2 points to 30.5%. The CEO sold $2.3M in stock the same week. Short sellers are also accelerating into NX (Quanex Building Products) ahead of earnings, with borrow still cheap.

Insider Signal: Cruise Buyers

NCLH director Stephen Pagliuca filed $25M in purchases over June 1–2. That follows the CEO's $2.5M buy two weeks earlier. Multiple directors have now bought Norwegian Cruise stock in the past month — a rare cluster of insider buying in the travel space.

Europe Watch

NANO (Nanobiotix), the Paris-listed cancer radiotherapy company, heads into its earnings today with options bulls firmly in control. The bullish options setup mirrors what RBRK showed in the US.