Options

On ZeroHedge : options trading has been concentrated in a handful of stocks, with 64% of all trading this month in just 5 names (AMZN, TSLA, AAPL,NVDA, GOOGL) ……
investors have increasingly focused on trading ultra short-dated options; options with less than 2 weeks to expiry comprise 75% of all trades …….
What is notable is that whereas recent bursts of option activity which culminated in the first quarter of 2021 targeted meme stocks, this time the call buyers are going for the FAAMGs themselves. It remains unclear if buyers of call are institutions or retail buyers – it is reasonable that if a big names was behind the ramp it would have leaked by now – it is certainly the case that absent continued option inflows, the push higher in the gigatech “generals” – which have almost single-handedly managed to push stocks to all time highs even as market breadth has collapsed…