Brent Kochuba: Traders are currently in an extremely bullish state

Citigroup data shows that after the Nasdaq 100 index rose 30% in three months, traders' demand for call options from the largest exchange traded fund tracking the index surged. The cost of call options on technology stocks is at its highest level relative to the S&P 500 index since 2007, and funds are rotating into artificial intelligence and growth stocks. Despite market concerns about overheating in artificial intelligence trading and the recent underperformance of the Nasdaq 100 index compared to the S&P 500 index, Spot Gamma founder Brent Kochuba stated that traders are currently in an extremely bullish state.