TKL: Influenced by the popularity of meme stocks, retail investors account for a record high proportion of options trading
2024-06-10 05:31
Odaily News The Kobeissi Letter (TKL) posted on the X platform that retail investors accounted for a record high of 18% of options trading, even higher than during the meme stock boom in 2021. At the same time, according to data from Options Clearing Corp., the average daily options trading volume this year has reached a record 47 million. This means that individual investors now trade 8.5 million options contracts every day. The rise of GameStop (GME) and other meme stocks is also one of the reasons for the recent surge in options trading volume, pushing retail risk appetite to a record high.
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