Options activity is continuing at a breakneck pace in January, building on 2020's record volumes. It is the latest sign of optimism cresting through markets as individual and institutional investors pick up bullish options to profit from stock gains and abandon bearish wagers.
Overall, more than a fifth of the S&P 500 and a third of the Dow Jones Industrial Average are expected to provide their quarterly updates starting Monday.
Wall Street is growing increasingly concerned that rising interest rates could derail the red-hot U.S. equity market which is hovering near record levels.
U.S. equity markets were modestly higher Thursday morning after President Biden signed a series of executive orders in the first hours of his presidency.
Amazon consumer CEO Dave Clark said in a letter that the company is "prepared to leverage our operations, information technology, and communications capabilities and expertise" to assist the Biden administration's COVID-19 vaccination efforts.
Big-money managers say too many investors have piled into the red-hot cryptocurrency bitcoin at the start of 2021, according to a Bank of America survey conducted in January.
