Tech Hardware Sees 2.17 Call/Put Ratio, Nvidia Among Top Volume
The 10-day buy-to-open call/put ratio for S&P 500 stocks jumped from a 52-week low to a high in just over a month, the fastest such shift since 2015, coinciding with a 12% index gain. In the tech hardware sector, which accounted for 35% of BTO volume, Nvidia ranked among the top ten stocks with a sector-wide 2.17 call/put ratio and a 38% average return.
1. Rapid Shift in S&P Option Sentiment
The 10-day buy-to-open call/put ratio for S&P 500 stocks surged from a 52-week low to a 52-week high in just over a month, marking the fastest extreme-to-extreme shift since data began in 2015. That move coincided with a 12% gain in the index since early April.
2. Nvidia’s Role in Tech Hardware Sector
The technology hardware sector accounted for 35% of total BTO volume and posted a 2.17 call/put ratio since early April, driving an average 38% return. Nvidia ranked among the top ten stocks by call volume, underscoring investor focus on its recent momentum.