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US options traders bet Wall Street stocks will build on record highs

Purchases of call options, which confer the right to buy a stock at an agreed price, have surged since November’s US election and Covid-19 vaccine breakthroughs, according to exchange operator Cboe. The daily trading volumes of call contracts, which are effectively a bet on rising prices, have far outpaced put options, which give the buyer a right to sell shares at a set level.

©The Financial Times Limited 2020 Dec 21, 2020 / 11:39 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Source: Reuters
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