Calls Stack Up as AI and Crypto Spark Market Action

Three big catalysts are driving unusual signals in the options market today.

AAPL short interest crossed above 1% of free float for the first time in months. It hit 1.08% on June 4, up from 0.88% on May 11. That's $49B in bearish bets. Traders appear skeptical about Apple's revamped Siri AI. Analyst Gene Munster asked publicly whether the company has the AI capability to deliver. Options expiries cluster heavily through June, suggesting near-term traders are active.

NVDA short interest jumped hard in late May. It spiked from 1.21% to 1.28% of free float on May 27. That's roughly $63B in shorts. A chip-sector rebound on Monday trimmed some pain for bears. NVDA expiries run all the way to September, with tight weekly clusters suggesting active positioning.

COIN carries 11.2% SI as a percentage of free float. Institutions are reportedly buying Bitcoin at a discount. High availability — 358% — means shorting is still easy. That could flip fast if the crypto rally gains traction.

A US court blocked IRS efforts to restrict renewable energy tax credits. BE and NRGV both saw immediate impact. Bloom Energy's 10.9% short interest now looks exposed. Energy Vault sits at 13.3% short.

OpenAI's IPO filing adds pressure on listed AI peers. Options traders may look for proxies before OpenAI shares trade publicly.

This is not financial advice.