CNBC
05 Aug 2026, 19:18 UTC · 2h ago
Wall Street's 'fear gauge' is doing something unusual as stocks hit record highs
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

CNBC
05 Aug 2026, 19:18 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

What the story claims
4 claims · each scored for market impact
S&P 500 index call volume reached a new all-time record of over 4 million contracts on Tuesday. — Record-breaking call buying indicates extreme bullish sentiment and high liquidity flowing into upside bets.
+0.60The price for call options betting on a one-standard deviation move in the Nasdaq 100 surged 42%, the largest single-day jump in five years. — Aggressive pricing for volatility in tech names suggests high conviction but also indicates that options have become expensive.
+0.40The put-to-call ratio fell to 0.83, the second lowest reading on record. — This signals extreme optimism among traders, which can often serve as a contrarian indicator for a local market top.
+0.30Continue reading
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The VIX rose alongside the S&P 500 during Tuesday's rally, a rare occurrence driven by exuberant call buying. — While unusual, this is a technical byproduct of options demand rather than a fundamental shift in risk appetite.
+0.10Which stocks this story touches
SanDisk (Western Digital) is mentioned only in the context of options trade volume ahead of earnings.
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