Risk appetite is reaching historic levels:
The 10-day moving average of S&P 500 options volume is up to a record ~5.5 million contracts.
Since 2022, this figure has more than TRIPLED.
Over the same period, Euro Stoxx 50 options volume has remained roughly unchanged, near ~1 million contracts.
As a result, US options volumes are now more than 5 times larger than that of Europe.
By comparison, options activity in these two markets moved in tandem before 2022.
The US options market boom is unprecedented.