Risk appetite among individual investors is skyrocketing:
Daily net call option purchases by retail investors are up to ~9 million contracts, the highest since November 2025. This tracks the difference between call options purchased and call options sold, showing how aggressively retail is betting on stocks moving higher.
Net daily call option purchases have risen +7 million contracts, or +350%, since the late-March low.
This marks the largest monthly increase in net daily call option purchases in at least 2 years.
By comparison, the average between January 2024 and September 2025 was ~6 million contracts, or -33% below current levels.
