Option Movers | Bears Target Chewy; Bullish Sentiment Rise in SPY and QQQ
@Tiger_Newspress:
U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.The benchmark S&P 500 index has tumbled more than 5% since Fed Chair Jerome Powell on Friday reaffirmed the central bank's determination to raise interest rates even in the face of a slowing economy.Options Broad ViewA total volume of 33,967,067 contracts are traded on Tuesday, up 3% from the previous day. Call options account for 50% of total options trades.There are 7.34 million $SPDR S&P500 ETF Trust(SPY)$ options traded on Tuesday. Call options account for 40% in overall option trades. Particularly high volume was seen f