Record Call Options - why Bullish (Patreon)

Call options give investors the right to buy the S&P 500 at a certain price. A record $1.1 trillion in notional call volume suggests that a huge number of traders are betting the market will go higher — a sign of confidence in upward momentum.

HOWEVER REM

“If everyone’s chasing upside, few are pricing in risk.”

The herd is often wrong. These setups sometimes end with either violent reversals or parabolic surges.