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.