Option Trader Bets on S&P 500 Index Upside

BlockBeats News, August 8th, according to Bloomberg data, traders are loading up on S&P 500 index call options as market optimism grows.

The Cboe Skew Index dropped to its lowest level since December 2024 on Friday. A low skew indicates that the price of call options is rising relative to put options, suggesting an increasing demand for bets on further market upside.

Source: BlockBeats

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