Big Tech Quandary Leaves Equity-Options Pros Divided on Outlook

Dip-buying in US stocks was a key theme Monday, but the options market is signaling that there’s one crucial area where traders remain far from convinced about the outlook for the next few months: Big Tech.

When it comes to the megacap tech stocks that fueled much of the advance in US equities the past couple years, the narrative is as polarized as it’s been in weeks, with options bets on gains almost as pronounced as wagers on losses. It’s also a departure from options professionals’ stance toward the broad market, where they’ve taken on a solidly bullish slant as tariff tension has eased.