While the recent equity-market turbulence is subsiding, options positioning shows how quickly investor sentiment can switch between the extremes of fear and greed.

As the stock market keeps surging to record highs, a growing worry among investors isn’t that it may come tumbling back down. It’s fear of missing out.

Exchange operator MEMX is looking to become the latest financial exchange to compete with prediction markets by offering binary bets on corporate earnings metrics, according to a representative for the company.

Demand for protection against a drop in stocks has fallen to the lowest level since US President Donald Trump’s capitulation on tariffs last year, as indexes rally to record highs.

Options traders were piling into bullish wagers on DraftKings Inc. ahead of the sports betting firm’s earnings report.

Traders can’t get enough of options betting on more gains in the S&P 500 Index, a gauge that has for months been in the shadow of its more volatile rival, the Nasdaq 100.

Forces that propelled US stocks to record highs this year remain “firmly intact” after a reset in retail investors’ speculative trading, according to Citadel Securities.

For months, the S&P 500 Index has remained idle, despite stomach-churning swings in individual sectors that largely canceled each other out. But traders are positioning for the setup to start changing soon.

Investors will soon have another way to bet on the hottest stocks from Nvidia Corp. to SpaceX, without trading a single share.

Betting that individual stocks will be volatile while the S&P 500 stays relatively calm has been a popular and successful hedge fund strategy. But with the swings in share prices reaching extreme levels, the reverse trade is gaining traction with investors.

Brokerage and financial infrastructure startup Alpaca has raised $135 million in equity and $300 million in debt, as it looks to expand a business that helps investors trade across financial markets using artificial intelligence agents.

Options on SK Hynix Inc.’s American Depository Receipts began trading on US options exchanges Tuesday, giving traders in the world’s largest derivatives market easier access to the volatile South Korean memory chipmaker.

Rabid interest in the World Cup has helped to drive more than $3 billion of wagers on a prediction market backed by Robinhood Markets Inc. and Susquehanna International Group, which launched just a few months ago.

Susquehanna International Group has lined up $500 million to work with institutions that want to use prediction markets to hedge the economic risks associated with various World Cup outcomes.

The higher the rally in technology high-flyers, the louder the anxiety around a new wave of turbulence in the group.

The higher the rally in technology high-flyers, the louder the anxiety around a new wave of turbulence in the group.

Normally, a three-month, 30% rally in the Nasdaq 100 Index would tempt investors to take the money and run. But right now, they’re betting the advance is just getting started.

Cboe Global Markets Inc. is seeking US regulatory approval to list all-or-nothing options tied to corporate earnings results, allowing traders to wager on figures ranging from SpaceX revenue and Nvidia data-center sales to JPMorgan Chase & Co.’s credit-loss provisions.

Cboe Global Markets, Inc. announced Tuesday that it has brought back a type of S&P 500 contract after a hiatus of more than a decade, which in the meantime has become a popular mainstay of prediction market platforms Kalshi and Polymarket.

Turkish financial technologies firm Midas has applied to the central bank for an electronic money institution license as it seeks to launch digital consumer payments products.