Small Options Traders Buy Calls

Jason Goepfert
2019-07-15
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Small options traders are now scrambling to make up for their May/June panic and have suddenly turned to speculative call options.

They bought more than 4.4 million of them last week, the most since May and the 12th-most in any week since 2000. It amounted to 40% of their total options volume, enough to be considered extreme. We can see that over the past couple of years, high levels of speculative activity have preceded at least short-term hiccups in the S&P. See the July 15, 2019 report for more detail.

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