With prices of underlying securities soaring to never before seen levels and market momentum back if only for a handful of megatech stocks, investors have decided that the best way to get rich quick is by splurging on options and hoping the trend (higher) continues. Indeed, as Goldman’s Vihsal Vivek writes this morning, single stock options volumes have risen to record highs in February as the average daily notional traded on options in US stocks surging 27% MoM, up another 77% in the past 6 weeks and 2.0x the trailing 12-month average.
