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S&P hits all-time high! Inflation cools further, will US stocks keep rallying?
Futubull Options Sir
joined discussion · Aug 5 21:36

Options Sir Breaks Down the Hot Topics | S&P 500 call options hit record-high volume as traders return to short-dated calls

Record index call option volume signals strategists that the momentum-driven rally has reignited
Index call option volume surged to a record high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ recorded its highest single-day call option volume on record at 4.02 million contracts, as the index rose +1.79% to close at 7,736.52, marking another all-time high.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
This new high in the rebound was primarily driven by a strong recovery in the major Mag7 constituent stocks.Following recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew 43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services rose 37%, among other results, which collectively validate to some extent that AI investments can translate into revenue—substantial AI-related capital expenditures have instead become a potential tailwind for future revenue conversion.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500's one-month 25-delta put/call skew posted its largest single-day decline yesterday—the steepest drop since November 6, 2024, the day after Trump won the election.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
Meanwhile, Trump softened his stance again, saying U.S.-Iran negotiations are 'going very well,' sending crude oil $Crude Oil Futures (OCT6) (CLmain.US)$ and U.S. Treasury yields lower, providing further upside room for equities.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
Going forward, investors should closely monitor the share price trends of tech giants and Friday’s nonfarm payroll report.Previously, at the July 29 press conference, Warsh stated, 'The Committee will deliver price stability,' omitting any reference to employment stabilization. Some analysts believe that if this policy pivot is confirmed, the nonfarm payroll data may have a diminished impact on market expectations.Under the traditional framework, strong non-farm payroll data implies rising inflation, leading the market to scale back expectations for rate cuts, which could weigh on markets.
1. If you believe in the current rally trend in the U.S. stock market and want to enter along the trend,
you can align yourself with the market's dominant sentimentand buy call optionsto gain leveraged exposure to potential upside at a lower cost. Compared to buying the underlying stock directly, options require less capital upfront while still capturing part of the stock’s upward movement over a certain period.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
(The illustrative graphics shown on screen are for demonstration purposes only and do not constitute investment advice or guarantees; market conditions change frequently, and the displayed option prices do not reflect real-time data.)
If you're concerned about time decay eroding the value of a single-leg option position, you cansell a call option at a higher strike price on top of your long call positionto hedge against some of the time decay, forming a bull call spread strategy. Compared to a single-leg option, this strategy offers a more moderate risk-reward profile.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
2. If you’re worried that macro events might disrupt your holdings in the underlying stock,
you can leverage the unique characteristics of optionsBuy one put optionIf the market weakens, the value of the put option rises, allowing you to hedge against downside risk in the underlying stock before expiration.
Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
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Index call option volume sets a new record; strategists say the momentum-driven rally has resumed Call option volume on the index surged to a historic high.Total index options volume reached 8.78 million contracts, with calls accounting for 4.92 million (put/call ratio of 0.78). $S&P 500 Index (.SPX.US)$ Single-day call option volume hit a record high of 4.02 million contracts, as the index rose +1.79% that day, closing at 7,736.52—a new all-time high. This breakout to new highs was primarily driven by a strong rebound in the index's key components—the Magnificent 7 tech giants.Following the recent earnings releases from these tech giants, $Microsoft (MSFT.US)$ Azure cloud services grew +43% year-over-year, $Amazon (AMZN.US)$ and AWS cloud services grew +37%, both of which validate—to some extent—that AI investments can translate into revenue. The substantial AI-related capital expenditures have, in fact, become a potential catalyst for future revenue growth. Goldman Sachs liquidity strategist Lee Coppersmith noted thatdemand for short-dated equity index call options was exceptionally strong this week, and was concentrated in $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . Following large-scale deleveraging in July, the S&P 500’s one-month 25-delta put/call skew posted its largest single-day move...
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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