Most crowded trades according to latest BofA Fund managers survey China Tech is far behind Mag7
Source: BofA Global Fund Manager Survey
Retail Options Traders are now short the LARGEST amount of Gamma in AT LEAST the last 14 months 🚨
Source: Barchart, TME
Cboe Stock Exchange to Extend Trading to 24 Hours, 5 Days a Week
Cboe Global Markets Inc. is extending trading on its equities exchange to 24 hours on weekdays, the latest venue to take advantage of the growing global demand for US stocks. The exchange operator will offer trading on its Cboe EDGX Equities Exchange — its main equities venue — through the US daytime and overnight, according to company executives. The plan, which is subject to regulatory approval, calls for trading Sunday night through Friday night, with breaks only on the weekends. CBOE already provides some additional trading hours for US equities, with early orders accepted starting at 2:30 a.m. New York time and trading available from 4 a.m. to 8 p.m., Monday through Friday. During those extended hours, average daily trading volume increased 135% between 2022 and 2024, Cboe said. Regular trading takes place from 9 a.m. to 4 p.m. The New York Stock Exchange also filed its own application in October, looking to offer trading 22 hours on weekdays. Neither venue will be able to operate overnight until key infrastructure is in place that shows real-time trade data outside of normal trading hours. source : bloomberg
Average Daily Options Volume jumps to an all-time high.
Source: Barchart @Barchart
ALL DAY TRADING IS COMING??
This start-up stock exchange just won approval from the US SEC to allow nonstop trading 23 hours a day, 5 days a week. Trading technology pioneer Dmitri Galinov's 24 Exchange has secured regulatory approval to launch what could become America's first near round-the-clock equities trading venue, marking a potential watershed moment for US market structure. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act. The Securities and Exchange Commission (SEC) has greenlit 24X National Exchange, the latest venture from Galinov, who previously founded FastMatch - now Euronext FX - and held senior roles at Direct Edge. The approval represents a significant milestone for the firm, which has been steadily expanding its trading offerings since its 2019 launch. The exchange will roll out in two phases, with initial trading hours from 4:00 AM ET to 7:00 PM ET on weekdays, starting in the second half of 2025. The second phase would extend trading from 8:00 PM ET Sunday through 7:00 PM ET Friday, subject to approval from Equity Data Plans and additional SEC requirements. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing. (Source: www.liquidityfinder.com)
Options traders are betting 10-Year Treasury Yields could rise as high as 4.9% in the coming months
Source: Barchart, Bloomberg
🚨MARKET SPECULATION LEVEL HAS RARELY BEEN GREATER🚨
Retail traders' activity share in the options market SPIKED to 20% last week, the highest level ever recorded. Retail is piling into options at a much faster pace than during the 2020 retail trading bonanza. Source: Global Markets Investor, JP Morgan Quant
Investors are currently holding one of the lowest long positions in WTI oil contracts in the last ten years.
Surce; Bloomberg, Tavi Costa
