Options Market Watches These Crowded Shorts

Short sellers and options traders are circling the same names this weekend. The signals are worth noting.

LUNR (Intuitive Machines) tops the watch list. Short interest sits at 24.4% of free float. Availability is just 15.8% of SI — shares to borrow are extremely tight. Options expiries cluster heavily in the near term, with June 12 and June 18 the busiest dates. The founder is reportedly selling into strength. That combination — heavy shorts, tight borrow, insider selling — makes options positioning volatile.

OKLO carries 21% SI % of FF. The nuclear energy stock gave back its post-earnings bounce. Options run out to August, giving traders more time to position. Availability at 39% of SI suggests shorts aren't finding it easy to add.

GME remains in focus after its earnings call. SI is 13.3% of FF. Availability is a more comfortable 67%. Near-term options expire June 12 and June 18. The stock's history makes any options activity worth watching.

DELL shows a striking divergence. SI is just 6.3% of FF. Yet availability is a massive 2,411% — shorts can add easily. Options expiries stretch to September. Short sellers are heading for the exit after recent pullback, per ORTEX data.

NVDA has minimal short pressure at 1.3% of FF. Its dense options calendar — with expiries nearly every week through September — reflects its role as the market's premier momentum vehicle.