According to @KobeissiLetter, average daily notional trading volume in S&P 500 options hit a record $3.5 trillion last week, indicating skyrocketing activity. Source: The Kobeissi Letter on X, Nov 25, 2025. According to @KobeissiLetter, the dollar value of all options traded each day has doubled over the last year. Source: The Kobeissi Letter on X, Nov 25, 2025. According to @KobeissiLetter, the daily dollar value of options has surged over 800% since 2020. Source: The Kobeissi Letter on X, Nov 25, 2025. Based on @KobeissiLetter’s data, traders can monitor S&P 500 options flows as a key risk input and align cross-asset exposure, including BTC and ETH, when equity options activity reaches record levels. Source: The Kobeissi Letter on X, Nov 25, 2025.

According to @Ultra_Calls, SPY’s move was already priced in, and buying put options at the opening bell would have been highly profitable today (source: @Ultra_Calls on X, Sep 5, 2025). No cryptocurrency assets or tickers were referenced in the post, so the claim focuses purely on SPY intraday option profitability (source: @Ultra_Calls on X, Sep 5, 2025).