Speculative fever rises again on Wall Street

Posted on Jan 18, 2021 1:44 PMUpdated Jan 18, 2021, 1:48 PM

On Wall Street, individuals are more euphoric than ever. JP Morgan analysts are convinced that the explosion in volumes on call options is directly linked to the Americans’ enthusiasm for stock market speculation. And that’s just the start, they warn. Americans began to receive checks for $ 600 from the stimulus package voted in late December. They could recover up to $ 1,400 more in the coming months, according to the project recently presented by Joe Biden. What to fuel even more speculative madness on Wall Street.

After a slight respite over the holidays, option volumes hit new highs last week. Nearly 50 million options were traded Friday in New York, unprecedented according to specialist Trade Alert. Last year, more than 7.57 billion options were traded in the United States, an unprecedented level according to the clearinghouse OCC.

Leave a Reply

Your email address will not be published. Required fields are marked *