S&P 500 put option volume surged to $3.3 trillion notional on Friday, 330% above 2024 average, signaling aggressive hedging by investors.
Macro & Markets ·
S&P 500 put option notional trading volume reached $3.3 trillion on Friday, marking 330% above the 2024 daily average and reflecting heightened investor demand for downside protection. Total CBOE put contracts traded that day climbed to 9.6 million, the fourth-highest volume recorded since 2015, as participants moved to hedge against market declines heading into the session's close.