According to @KobeissiLetter, average daily US equity and index options volume has surpassed 65 million contracts for the first time and total options volume has tripled over six years. Source: @KobeissiLetter. Call option volume has quadrupled to a record 41 million while put option volume has tripled to 25 million, indicating historically strong risk appetite. Source: @KobeissiLetter. Crypto traders can use this risk-on options backdrop as a sentiment input when positioning in BTC and ETH around volatility catalysts. Source: @KobeissiLetter.

According to @KobeissiLetter, institutional investors’ equity allocation hit 54.8% in July, the highest since the early months of the 2008 Financial Crisis, indicating surging professional risk appetite, source: @KobeissiLetter. This reading is about 4 percentage points above its long-term average, offering a risk-on macro gauge that crypto market participants can reference when assessing broader positioning conditions, source: @KobeissiLetter.