Traders chase post-election stock gains in US options market

📆 15/11/2024 14:34:00
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NEW YORK, Nov 15 - Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year.

Many are now shifting to a bullish stance, wary of underperforming a market that has rallied following a victory by Donald Trump and Republican control of both houses of Congress, which had been anticipated following the election and was projected by Edison More broadly, the volatility landscape has changed dramatically, with the Cboe Volatility Index , - a measure of demand for portfolio protection - sinking to a near four-month low of 13.67.

Tesla options accounted for about 30% of the total U.S. stock options traded in notional terms on Monday, data from Nomura showed.

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