Nasdaq Rally Extends to 13 Days as Call Options Volume Nears Record High Levels

TLDR:

• Nasdaq call options volume hits 3.9 million daily, nearing its highest level ever recorded
• Bullish options activity has surged sharply, with volumes rising more than fourfold since 2021
• The Nasdaq posts a 13-day winning streak, marking its longest run of gains since 2013
• The index climbs 17.7% during the streak, ranking among top short-term returns in 20 years

US technology stocks continue a strong upward run, supported by rising options activity and sustained market momentum. Recent data shows increasing bullish positioning, while the Nasdaq records one of its longest positive streaks in over a decade.

Rising Options Activity Signals Strong Market Positioning

Recent market data points to a sharp increase in bullish bets on US technology stocks. Nasdaq call options volume has reached 3.9 million contracts per day. This marks the second-highest level ever recorded.

A tweet from The Kobeissi Letter reports that this figure trails only the November 2025 level. During that period, volumes approached 4.3 million contracts per day. The post also notes that current activity reflects a broader rise in market participation.

The volume growth has been steady over recent years. Since 2021, Nasdaq call options volume has more than quadrupled. This rise shows a clear shift toward active trading in the tech sector.

At the same time, the increase in call options signals stronger interest in upward price movement. Traders often use these contracts to position for gains. However, the data reflects positioning rather than future direction.

Moreover, the rising volume aligns with broader trends in equity markets. It shows that participation has expanded as prices move higher. This pattern often appears during extended rallies.

Nasdaq Extends Winning Streak With Strong Returns

Alongside increased options activity, the Nasdaq has posted consistent gains. The index has now closed higher for 13 straight sessions. This marks the longest positive streak since 2013.

During this period, the Nasdaq has risen by 17.7%. This performance ranks among the strongest 13-day returns in the past two decades. The sustained climb has drawn attention across financial markets.

The rally reflects continued buying interest in technology stocks. It also aligns with the surge in call options activity reported earlier. Together, these trends show a period of strong market momentum.

The Kobeissi Letter notes that such a streak is rare. Extended runs like this often stand out in historical data. However, they do not appear frequently in modern trading cycles.

As the Nasdaq continues its upward movement, traders remain focused on short-term price action. At the same time, the sharp rise in options activity signals market participation. This combination shapes current trading conditions.

The ongoing rally places US technology stocks in a notable position. Market data continues to track both price movement and trading behavior. These figures offer a clear snapshot of current market dynamics without projecting future direction.

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