A massive trade just happened in a leading mortgage lender: Watch Options Action Live
Image: CNBC
For more options-trading reaction to the rally, click the link at the top of the page for Options Action LIVE featuring CNBC contributors Michael Khouw and Brent Kochuba alongside host Oliver Renick.
Stocks are surging after midterms brought a Democratic blue wave and options traders are responding by selling volatility and embracing a rotation away from big-tech trades.The S&P 500 added just shy of 2% by midday Wednesday, recovering losses from Friday and Monday. The move in its corresponding options prices was even bigger, with the Cboe Volatility index falling about four points to below 17, the biggest one-day drop in the volatility gauge since at least July.Crude oil prices fell as WTI traded below $90 and energy stocks dropped 5.6% for the biggest decline in the S&P 500.
This page shows only an excerpt. The full story is published by CNBC.
Related tickers
More news View More
:strip_icc():format(webp)/kly-media-production/medias/3464676/original/093645700_1621928371-20210525-Pabrik-Tahu-TALLO-6.jpg)
:strip_icc():format(webp)/kly-media-production/medias/9390469/original/072178300_1793842241-WhatsApp_Image_2026-11-05_at_08.23.45.jpeg)
