The Kobeissi Letter(@KobeissiLetter):Put option volume is skyrocketing: Notional trading volume in S&P 500 put options surged to a record $3.3 trillion on Friday. Additionally, the US Dollar value of S&P 500 put options traded during Friday's session was +330% above the 2024 average. By comparison, before the 2020 pandemic, daily volumes ranged between $100 billion and $500 billion. Meanwhile, total CBOE put option volume rose to 9.6 million contracts on Friday, the 4th-highest since 2015. Investors aggressively bought puts into Friday's close.

2026.10.19 15:56

Put option volume is skyrocketing: Notional trading volume in S&P 500 put options surged to a record $3.3 trillion on Friday. Additionally, the US Dollar value of S&P 500 put options traded during Friday's session was +330% above the 2024 average. By comparison, before the 2020 pandemic, daily volumes ranged between $100 billion and $500 billion. Meanwhile, total CBOE put option volume rose to 9.6 million contracts on Friday, the 4th-highest since 2015. Investors aggressively bought puts into Friday's close.