Day-Trader Options Action Is Spotted Yet Again in Nasdaq Surge
- Nasdaq 100 rises 3.1% in biggest advance since late April
- Investors see similarities to August rally before correction
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Neither stalled stimulus, booming valuations nor even a congressional report implying they should be broken up is proving any impediment to megacap technology stocks, which jumped the most in almost six months with help from newbie traders.
The Nasdaq 100’s best day since late April came alongside an increasingly familiar sight: measures of share volatility, rather than plummeting as they usually do when stocks surge, rose in tandem. Wall Street analysts have come to consider that a tell-tale sign that burgeoning demand for stock options -- whose prices inform gauges like the Cboe NDX Volatility Index -- is fueling the gains.