Snap Options Volume Jumps Fourfold as Traders Position for Further Equity Rebound
Snap Inc. options volume surged to more than four times its monthly average on Monday as traders heavily favored call contracts following recent share gains.
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Snap Inc. options volume surged to more than four times its monthly average on Monday as traders heavily favored call contracts following recent share gains.
With the top 10 mega-cap companies accounting for half the Nasdaq-100's market capitalization, depressed implied correlation in the options market is creating an anomaly that allows investors to price long tech exposure with strictly defined downside risk.