Frenzied Tesla Speculators Propel 77% Surge in Options Trading
- Contract volume reaches all-time high on tech bets: Goldman
- Strategists suggest selling calls on limited upside from here
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A frenzy of bullish bets on the biggest U.S. tech names is captivating Wall Street and powering equities to all-time highs. It’s also sending waves through options markets.
Volumes for contracts tied to single stocks have surged by 77% in the past six weeks to fresh records, according to Goldman Sachs Group Inc. The growth has been so staggering that trading in the derivatives by notional value is almost on par with volumes in the underlying shares themselves, the firm calculates.