Market Direction?And at least at this point, NASDAQ futures are up 275. GLTA
RBC's head of derivative strategy, Amy Wu Silverman says there has been a surge in put options for FAANG stocks with all of the call option demand going to energy, financials and consumer discretionary amid last week's rotation. She cautions that in the coming weeks, this may flip as Americans start to receive their stimulus cheques.
https://www.bnnbloomberg.ca/video/demand-for-tech-sector-put-options-surging-rbc-s-head-of-derivatives~2155820