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Wall Street Bulls Flock to S&P 500 Calls as Rally Broadens

Bloomberg Markets Thursday 06 August 2026, 12:14 UTC By Bernard Goyder 1 min read
Key Points

FOMO-Driven Buying of S&P Calls Fuels ‘One-Way Flow’ of Orders Traders can’t get enough of options betting on more gains in the S&P 500 Index, a gauge that has for months been in the shadow of its more volatile rival, the Nasdaq 100. More than 4 million call contracts on the benchmark equities index changed hands on Tuesday, a record, while the volume of puts remained in line with the average. Simplex Trading’s Jason Coogan, who trades in the S&P 500 options pit at the Cboe Global Markets,...

FOMO-Driven Buying of S&P Calls Fuels ‘One-Way Flow’ of Orders Traders can’t get enough of options betting on more gains in the S&P 500 Index, a gauge that has for months been in the shadow of its more volatile rival, the Nasdaq 100. More than 4 million call contracts on the benchmark equities index changed hands on Tuesday, a record, while the volume of puts remained in line with the average. Simplex Trading’s Jason Coogan, who trades in the S&P 500 options pit at the Cboe Global Markets, described the setup in the two days through Tuesday as a “one-way flow in orders.”
Wall Street Bulls Flock to S&P 500 Calls (ORG) Rally Broadens FOMO-Driven Buying of (ORG) Simplex Trading’s (ORG) Jason Coogan (PERSON) the Cboe Global Markets (LOCATION)
Originally published by Bloomberg Markets Read original →

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