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

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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.

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