S&P 500 Call Option Volume Hits Record 4M, Surging on FOMO Sentiment

S&P 500 call options breached 4 million contracts, an all-time high, driven by fear of missing out. Put volume stayed average, indicating skewed bullish demand.

Woofun AI data shows that S&P 500 call option volume exceeded 4 million contracts on Tuesday, establishing a new all-time record. Put option trading remained consistent with historical averages during the same period.

Jason Coogan of Simplex Trading observed a "one-way order flow" over the two-day span ending Tuesday. Analyst Tanvir Sandhu stated that the market reflects "FOMO" sentiment, with investors prioritizing participation in further gains over hedging against pullbacks, as shown by shifts in options skew and sustained implied volatility.