Cboe reports retail traders aggressively buying calls on Mag 10 stocks amid AI rally
Crypto Briefing
Retail investors are showing record-high bullish activity, aggressively buying call options on Mag 10 AI-linked stocks ahead of major earnings reports.Summary
Cboe Global Markets reports that retail investors are fueling a significant surge in call option volume for the "Mag 10" stocks, a group including the traditional Magnificent 7 plus AMD, Broadcom, and Palantir. This 10-day volume spike is the highest since 2021, with 52% of new positions being call buys compared to only 17% sells. This aggressive momentum-chasing is attributed to anticipation surrounding upcoming tech earnings and the ongoing artificial intelligence market rally. To accommodate this demand, Cboe is expanding its infrastructure to include A.M.- and P.M.-settled options and 24x5 trading capabilities for its MGTN index.
(Source：Crypto Briefing)