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.
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.
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.
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.
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.
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.
