Tldr:
- Nasdaq call options volume is hitting 3.9 million daily, approaching the highest level ever recorded
- Bullish options activity has risen sharply, with volumes more than quadrupling since 2021
- The Nasdaq posted a 13-day winning streak, marking its longest winning streak since 2013
- The index is up 17.7% over the series, ranking among the highest short-term returns in 20 years.
US technology stocks continue their strong upward trajectory, supported by rising options activity and continued market momentum. Recent data shows an increase in bullish positions, instead Nasdaq Recording one of his longest positive streaks in over a decade.
High options activity indicates a strong market position
Recent market data indicates a sharp increase in bullish bets on US technology stocks. Nasdaq call options volume reached 3.9 million contracts per day. This represents the second highest level ever recorded.
A tweet from The Kobeissi Letter notes that this number only follows the November 2025 level. During that period, trading volumes approached 4.3 million contracts per day. The publication also notes that the current activity reflects a broader increase in market participation.
Volume growth has been steady over recent years. Since 2021, the volume of call options on the Nasdaq has more than quadrupled. This rise shows a clear shift towards active trading in the technology sector.
At the same time, the increase in call options indicates a stronger interest in the upside Price action. Traders often use these contracts to make gains. However, the data reflects positioning and not future direction.
Moreover, the increasing volume is in line with broader trends in equity markets. It appears that participation expanded as prices rose. This pattern often appears during extended rallies.
Nasdaq continues its winning streak with strong returns
Along with increased options activity, the Nasdaq posted steady gains. The index has now closed higher for 13 consecutive sessions. This represents the longest positive streak since 2013.
During this period, the Nasdaq rose 17.7%. This performance is among the strongest 13-day returns in the past two decades. The continued rise has drawn attention across financial markets.
The rise reflects continued buying interest in technology stocks. It is also in line with the spike in call options activity previously reported. Together, these trends show a period of strong momentum in the market.
Al Qubaisi’s letter indicates that such a handwriting is rare. Extended runs like this often stand out Historical data. However, they do not appear frequently in modern trading courses.
As the Nasdaq continues its upward movement, traders remain focused on the short-term price action. At the same time, a sharp rise in options activity indicates market participation. This combination shapes the current trading conditions.
The continued rise puts US technology stocks in a remarkable position. Market data continues to track price movement and trading behavior. These numbers provide a clear snapshot of current market dynamics without predicting future trend.
