The mainstream financial media pays little attention to the equity options market for numerous reasons (opaque nature, complexity, trade rationale etc). But per the note below from Trade Alert, LLC (www.trade-alert.com) the flow of activity has been record breaking and can often lead the underlying stock action that follows.
Option open interest breaks record with 381M contracts open into June expiry. Data confirms the current level of 381,360,325 contracts open this morning, including 6M flex contracts, beats the prior record 380M set in 2011 and comes as YTD avg daily volume stands near 27.7m contracts, 45% above the 2019 avg and 37% above the current annual record, 2018.
(Henry Schwartz (Trade Alert LLC))