S&P 500 Options Market Splits Between Calls and Puts

The S&P 500 options market has been split between calls and puts, according to recent data from KuCoin. While some top-weighted stocks such as NVIDIA ($NVDA), Apple (#AAPL), and Google (#GOOGL) remain call-leaning, others like Bank of America (BAC), American Express (AXP), and Lilly (LLY) have seen a surge in put volume.

The data shows that the biggest weights in the S&P 500 are currently sitting in the 10-39 call-leaning zone. However, some stocks are not only leaning towards calls but also seeing zero put volume, including APP, BA, BSX, CCL, CARR, and SCHW.

Meanwhile, several stocks have printed 100 on puts, indicating a significant increase in bearish sentiment. These include BAC, AXP, ADBE, ABNB, AWK, and LLY.