👁️ Eyes on $TSM ( ▼ 0.02% ) . Holding on to its upper range on the daily chart (near ATH)

🧱 Support area: $210.11 ($210 key support)

👊 Resistance area: $216.08 ($220 key resistance)

Scroll down to learn more about today’s top idea.

 $MU ( ▲ 1.6% ) 

Momentum Up

Micron Technology ($MU) has been on a significant upward trajectory over the past few weeks, consistently demonstrating bullish price action within the semiconductor sector. This sustained performance is largely attributable to the ongoing strength of the AI trade and its pervasive influence across the technology landscape.

Analyzing the Delta Tilt for $MU indicates a continued bullish bias among traders, extending into July options expiries. However, our internal model shows a momentum consensus score of 6 out of 7. While this signifies extremely strong current momentum, it also suggests that the name may be approaching a point where some consolidation or a temporary slowdown in its rapid ascent could occur due to being "overbought" or "extended."

Despite this high momentum score, our methodology prioritizes price action, and we will not proactively counter the prevailing trend. We continue to monitor $MU closely, acknowledging its impressive run while remaining attentive to any shifts in its price dynamics that would indicate a change in trend.

Raw Consensus Score: 6 out of 7 (Extreme Bullish momentum) (Momentum Stars)

Delta Tilt: $120 key target, $115 Support Level

Gamma Exposure: Positive notable gamma (Concentration at $120)

Quant Volume Levels Today: $114.99, $113.80, $112.16

Quant volume levels are area where stocks would most likely bounce or reject from.

 $CRM ( ▼ 0.95% ) 

Momentum Shift Down

Salesforce ($CRM) has exhibited notable weakness since its recent earnings report, with this downward momentum appearing to persist. Price action continues to suggest a negative bias.

Analysis of the Delta Tilt for $CRM reveals a mixed picture. There is significant open interest in puts at the $260 level, indicating a notable bearish sentiment at this strike. Correspondingly, Implied Volatility (IV) changes at the $260 call and put strikes appear relatively flat. This suggests that options market makers are currently expressing uncertainty regarding the stock's direction relative to this price point, as reflected by the balanced IV shifts between calls and puts at that strike. This "mixed" signal around the $260 level implies a potential pivot point where conviction for either upward or downward movement is not yet clearly established by the options market.

Raw Consensus Score: -4 out of 7 (Bearish momentum) (Momentum Stars)

Delta Tilt: $260 (Mixed level based on call/put IV comparisons) and $250 defend price level

Gamma Exposure: Negative gamma environment (Concentration at $260)

Quant Volume Levels Today: $263.58, $261.16 $258.43, $246.35

Quant volume levels are area where stocks would most likely bounce or reject from.

 $AMGN ( ▲ 0.25% ) 

Momentum Up

Amgen ($AMGN) continues to be a prominent name on our watchlist, consistently demonstrating resilience and building upward momentum. This sustained strength, which we flagged several days ago, reinforces our conviction in its positive trajectory.

Effective execution will be crucial to securing favorable risk-to-reward entries for new positions.

Analyzing the Delta Tilt, we observe a persistent bullish bias in options positioning. There is a notable concentration of open interest around the $300 strike price. This substantial positioning suggests that options dealers will likely engage in aggressive hedging activities around this level to manage their exposure. Such dealer hedging can often act as a magnet, potentially "pinning" the price around $300 as expiration approaches or increasing volatility if the price moves significantly through it. This makes $300 a critical level to monitor for price action and potential trading opportunities.

Raw Consensus Score: 4 out of 7 (Bullish momentum) (Momentum Stars)

Delta Tilt: $300 Bullish Target (Possible froth due to large size and IV for the ATM calls and puts at this level). When there’s some froth, this often opens the way for a max pain trade where dealer keeps the price below that key strike at major expirations. (the same can be assumed for puts as well)

Gamma Exposure: Positive gamma environment concentration at $300

Quant Volume Levels Today: $294.34, $288.98, $309.17

Quant volume levels are area where stocks would most likely bounce or reject from.

 $TSM ( ▼ 0.02% ) 

Today’s Top Idea

Taiwan Semiconductor Manufacturing Co. ($TSM) is a prominent semiconductor name on our watchlist for today. The Delta Tilt continues to appear constructive to the upside, indicating a bullish bias in options market positioning.

Our key bullish target area for $TSM remains $220. Conversely, $210 and $200 are identified as significant support zones to monitor for potential pullbacks or consolidation.

Notably, the $220 area also exhibits what we term as "froth." In options market terms, "froth" at a particular strike, especially a round number like $220, often implies a high concentration of open interest in options (both calls and puts) around that level. This can lead to increased volatility or "stickiness" around that price. Given that today marks a key options expiration (June 20, 2025, is this week's monthly expiry for TSM), we anticipate that dealers will be aggressively hedging their positions around the $220 strike. Their objective will likely be to keep the stock pinned below this level to maintain their delta-neutral positions and minimize risk as options expire. This dynamic makes the $220 level particularly critical to watch for potential price action and dealer-driven movements.

Raw Consensus Score: 4 out of 7 (bullish momentum) (Momentum Stars)

Delta Tilt: $220 key target

Gamma Exposure: Positive gamma regime (Concentration at $220)

Quant Volume Levels Today: $213.57, $216.08, 210.11

Quant volume levels are area where stocks would most likely bounce or reject from.

⭐ TODAY’S TOP MOMENTUM STARS