CrowdStrike options are flashing the loudest signal this week. Put skew on the cybersecurity firm is rising with the June 18 expiry front and center — right after its earnings print on June 17. ORTEX data shows short interest sits at just 3% of free float. But the options market is telling a different story. A historical pattern of post-earnings selling is putting traders on edge.
NVDA options chains stretch across 29 expiry dates through September. That density of open expiries reflects massive ongoing trader interest. Short interest is a lean 1.2% of free float. Bulls dominate the flow here.
Earnings plays are also clustering around Kroger and Jabil, both expiring June 18. Kroger carries 4.9% SI % FF. Jabil sits at 2.8%. Neither is heavily shorted. But options traders are active ahead of both reports.
General Mills stands out on the short side. SI % FF hits 9.3% — the highest in this group. Analysts cut the stock this week. That combination of elevated short interest and a downgrade often pulls options skew toward puts.
Gilead Sciences received an analyst upgrade today. Its SI % FF is just 2.1%. Options availability is effectively unlimited. Bullish flow into the July expiry could build from here.
This article is not financial advice.
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.
