News Formal

Fear of missing out on stocks’ rally drives bullish options trading

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Derivative contracts are being scooped up at a hectic pace

Fear of missing out on the recent stock market rally is driving traders in the U.S. equity options market to lap up bullish derivative contracts at a hectic pace, further fueling gains for stocks, analysts said on Friday.

The rush into call options lifted the S&P 500 Index’s 1-month moving average of calls-to-puts to the highest in at least 4 years, according to Trade Alert data. The index is up about 15% year-to-date, while the tech heavy Nasdaq 100 Index has gained 39%. Some of the rush into call options has also helped fuel the rally, said Brent Kochuba, founder of options analytic service SpotGamma.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks set for best week since March - BNN BloombergWall Street traders caught between the fear of missing out on the stock rally and the artificial intelligence euphoria are sending the market toward its best week since March.
Source: BNNBloomberg - 🏆 83. / 50 Read more »