Tech earnings season is driving options activity as ORCL, ADBE, and LLY headline a busy reporting week. Traders are loading up on near-term expiries ahead of scheduled results.
ORCL shows 13 active expiry dates through September, with clusters around June 12, 17, and 18. That concentration of near-term contracts signals traders expect a sharp move on earnings. Oracle's ORTEX momentum score jumped from 47 to 69 over the past two weeks — the sharpest rise among the names tracked. Its total stock score now sits at 74.8, up from 68 at the start of May.
ADBE carries a similar near-term options structure. It reports in the same window. Short interest is only 4.8% of free float, so there is little short squeeze fuel. The options activity looks directionally bullish.
INTC stands out for a different reason. It has an unusually dense August expiry cluster — three separate dates on August 25, 26, and 27. That is rare. It may reflect positioning around an anticipated product or partnership announcement in late summer.
TSLA retains the most liquid options chain of all names tracked, with 25 active expiry dates. Today itself, June 10, is an expiry date. That same-day expiry volume often attracts speculative 0DTE traders seeking fast leverage.
LLY has a unique July 15 expiry not seen on other names. Short interest is under 1% of free float. Options flow here looks positioned for continuation of the recent pharma rally.
The broader signal this week: options traders are paying up for near-term volatility. Multiple names show dense June expiry stacks. That points to an active few sessions ahead.
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.
