AMD and Palantir set for blockbuster earnings swing
SkimNews Take
Concentrated options interest in a few high-growth stocks signals a market increasingly reliant on a narrow set of speculative bets to sustain its upward trajectory.
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- AMD options traders are bracing for a 7% price swing after a 17% drop and a 75% rally in April, with call volume and premiums outpacing puts.
- Palantir options show 62% of total volume in calls and 72% of premiums, as traders target an 8% swing ahead of its after‑the‑bell earnings report Monday.
- NASDAQ posted its longest winning streak since 1992, closing at a record high while the S&P 500 and Russell 2000 also hit new peaks.
- VIX fell to 16.4, the lowest level since Feb. 3, reflecting the market’s low‑volatility environment amid AI‑fuelled earnings optimism.
- U.S. crude inventories dropped 9% as equities surged, underscoring the divergence between energy supply data and market momentum.
Why it matters: Momentum investors will capture a 7% AMD swing and an 8% Palantir move, while short sellers lose; the rally lifts the S&P 500 beyond its record, expanding AI‑sector exposure.
