Retail investors' call option positions on US Big Tech stocks hit near-record levels at ~55%, signaling elevated bullish positioning since March lows.
Macro & Markets ·
Call options on US Big Tech stocks represent approximately 55% of newly initiated options positions by retail investors on a 20-day average basis, approaching record levels and marking a 10 percentage point increase since late March lows. The metric reflects directional bets rather than total trading volume and compares to a peak of approximately 57% during the 2020 pandemic recovery and a low of approximately 35% during the 2022 bear market. Elevated call option positioning indicates retail investors are building bullish bets on technology stocks.