Hand-curated weekly options trade ideas grounded in tracked capex, backlog, supply-chain bottlenecks, and sentiment signals. Each idea links to the underlying ticker page for the full company context.
AMD reports Aug 4 with MI-series data-center GPU demand the swing factor and the chain pricing a 24% move on 72% implied vol. With Big-4 hyperscaler capex confirmed at roughly $630B for 2026, up 62% year over year, the accelerator demand backdrop supports the data-center segment guide. The short 470/long 390 put spread collects 20.0 with a 19% cushion to the short strike.
Arista prints Aug 3 with the 800G ramp and hyperscaler order concentration as the watch items. The stock sits near its 52-week high of $179.79 on an 85% trailing return, and 60% implied vol prices a 20% move. The short 150/long 130 put spread sells that elevated premium with a 15% cushion, expressing the read that the AI-networking order book does not break on this print.
Constellation enters its Jul 30 print with contracted backlog at $12.03B in Q1'26, up 1296% year over year on data-center power-purchase signings, while the stock sits down 13% over the trailing year and roughly 33% below its 52-week high of $411.68. That divergence between a record order book and a lagging price is the setup. At a 52% implied vol the chain prices only a 16.6% move by August expiry, the cheapest in the power cohort, so the long 280/short 330 call spread buys the catalyst without paying the IV peak the parabolic names carry.
CoreWeave prints Aug 18 down 32% over the trailing year even as remaining performance obligations swelled to $98.8B in Q1'26, up 572%, a divergence that says the market is already discounting concentration and financing risk rather than rewarding the backlog. Revenue remains Microsoft-dominated and the buildout is debt-funded. The chain prices a 29% move on 90% implied vol, the richest in the cohort, and the +23% week into the print sells calls at an elevated level. The short 135/long 160 call spread fades that, harvesting the post-earnings IV crush above a breakeven 20% above spot.
Vertiv heads into its Aug 5 print with liquid-cooling lead times still extending (18-week average, trend worsening in our lead-time table) as Big-4 hyperscaler capex is confirmed at roughly $630B for 2026, up 62% year over year. The chain prices a 24% move on 73% implied vol, among the richest in the complex, so the trade is to sell that premium rather than buy it: the short 290/long 240 put spread collects 12.30 with a 19% cushion to the short strike.
Vistra reports Aug 6 with contracted backlog of $7.47B in Q1'26, up 168% year over year on ERCOT and nuclear demand, yet the stock is down 12% over the trailing year and sits ~24% below its 52-week high of $219.21. Same catch-up shape as Constellation, with a 54% implied vol pricing an 18.7% move. The long 165/short 200 call spread expresses a re-rate into the print at a defined 11.2 cost.