POPA Recon[Walter Bloomberg] Breaks record for S&P 500 call option purchases due to FOMO
[Walter Bloomberg] Breaks record for S&P 500 call option purchases due to FOMO • Investors are flocking to S&P 500 call options, with more than 4 million contracts traded on Tuesday, a record. This indicates that bullish sentiment is accelerating. • Analysts said strong performance, improving market breadth and waning macroeconomic concerns were fueling a "one-way" trend toward upside bets. • UBS expects the S&P 500 to reach 8,100 by the end of the year, and Bloomberg Intelligence says traders are concerned about missing out on further upside rather than hedging downside risk. 📰Original…
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