Record Call Surge Aiding the S&P 500 Is a Historically Bullish Signal
- Call volume on S&P 500 contracts reached 900,000 on Wednesday
- Options measure has reached just 10 records since August 2005
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The S&P 500 Index’s climb to a record high was aided by historically strong support from bullish options traders. Call volume on S&P 500 contracts surged to a record high of more than 900,000 on Wednesday, according to data compiled by Bloomberg. The measure has reached a record on just 10 occasions since August 2005, with the last one coming in 2014.
Here’s what the S&P 500 has done in the months following such an occurrence: