Traders Flock to Options Betting on Further S&P 500 Gains
Traders have flocked to options betting on further gains in the S&P 500, even as the benchmark index has remained in the shadow of its more volatile rival, the Nasdaq-100, in recent months. More than 4 million S&P 500 call option contracts changed hands Tuesday, a record. Trading volume in puts was in line with the average level. Jason Coogan of Simplex Trading, who trades in the S&P 500 options pit at Cboe Global Markets, described the market action over the two days through Tuesday as “one-way order flow.”
Traders have flocked to options betting on further gains in the S&P 500, even as the benchmark index has remained in the shadow of its more volatile rival, the Nasdaq-100, in recent months.
More than 4 million S&P 500 call option contracts changed hands Tuesday, a record. Trading volume in puts was in line with the average level.
Jason Coogan of Simplex Trading, who trades in the S&P 500 options pit at Cboe Global Markets, described the market action over the two days through Tuesday as “one-way order flow.”
More than 4 million S&P 500 call option contracts changed hands Tuesday, a record. Trading volume in puts was in line with the average level.
Jason Coogan of Simplex Trading, who trades in the S&P 500 options pit at Cboe Global Markets, described the market action over the two days through Tuesday as “one-way order flow.”