Wagers tied to Tesla, Amazon, Apple and Nvidia were among the most popular wagers recently
Investors are piling into bets that will profit if stocks continue their record run.
Options activity is continuing at a breakneck pace in January, building on 2020’s record volumes. It is the latest sign of optimism cresting through markets as individual and institutional investors pick up bullish options to profit from stock gains and abandon bearish wagers.
More than half a trillion dollars worth of options on individual stocks traded on Jan. 8 alone, the highest single-day level on record, according to Goldman Sachs Group Inc. GS 0.01% analysts in a Jan. 13 note.
Among the most popular bets were those tied to Tesla Inc., TSLA 0.20% Amazon. AMZN -0.45% com Inc., Apple Inc. AAPL 1.61% and Nvidia Corp. NVDA -1.12% And bullish call-options trading surged to a high on Jan. 14, with about 32 million contracts changing hands, according to data provider Trade Alert.