Notional trading volume for S&P 500 put options reached a record $3.3 trillion during Friday's session. This milestone marks the highest level of activity ever recorded for these bearish contracts within a single day.
The total US Dollar value of S&P 500 put options traded on Friday surged 330% above the daily average established throughout 2024. This sharp increase reflects a dramatic rise in downside protection or speculative activity relative to standard market conditions this year.