CNBC Pro

Options volume hits record, with bullish sentiment at 'extremely high levels,' Goldman Sachs says

Traders wearing masks on the floor at the New York Stock Exchange.
Brendan McDermid | Reuters

(This story is for CNBC PRO subscribers only.)

Investors have reentered the market at a record rate following the coronavirus-induced sell-off in March, and as traders look to profit, options volume has soared to an all-time high, according to Goldman Sachs.

"The average daily value of options traded has exceeded shares for the first time, with July single stock options volumes currently tracking 114% of shares volumes," Goldman Sachs' Vishal Vivek wrote in a note to clients. In other words, the options market is now larger than the shares market.

More In Investing trends

CNBC ProOil prices show no signs of easing as China starts to reopen and supply worries persist
CNBC ProThe U.S. economy is entering the back half of 2022 on shaky ground
CNBC ProInvestors are counting on the 3rd quarter — typically a 'no man's land' — to set up a year-end rally