Top 5 stocks to watch for October 27.
Options flow is still leaning bullish, with semiconductors out front.
$Taiwan Semiconductor Manufacturing(TSM)$ — $1.55M in near-the-money call buying, with solid confirmation over the past seven days. One of the cleaner bullish signals in semis right now.
$Tower Semiconductor(TSEM)$ — $1.71M in call buying ahead of November 2 earnings. Momentum is holding up and positioning keeps tilting bullish.
$Meta Platforms, Inc.(META)$ — $3.82M spread across three call-buying positions. Traders seem to be positioning for a bounce after the recent weakness.
$Robinhood(HOOD)$ — $1.16M in call buying, backed by consistently bullish flows over the past week. Earnings after the close.
$Carvana Co.(CVNA)$ — $2.21M in November call buying ahead of October 28 earnings. Strong directional exposure, though event risk is still elevated.
That said, the $18.6M VIX call purchase shows meaningful downside protection is still being bought right alongside the bullish positioning.
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