 **Put Option Volume Surges**

**S&P 500 put option volume surged to a record &#036;3.3 trillion on Friday.**

The **US dollar value** of puts traded was **330% above the 2024 average**. Before the **2020 pandemic**, daily volumes ranged from **&#036;100 billion to &#036;500 billion**.

**CBOE** put volume reached **9.6 million contracts**, the **4th-highest since 2015**. Investors **aggressively bought puts into Friday’s close**.

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