Investors wary of owning technology megacaps can tap equity derivatives both to benefit from the record rally and protect against the fallout from a potential bubble, according to strategists at Bank of America Corp.

Cboe Global Markets Inc. is looking at listing perpetual futures based on the Cboe Volatility Index, as US exchanges race to bring the highly levered instruments that dominate the crypto market to new asset classes.

Options traders seem unperturbed by the US midterm elections, creating a potentially precarious setup for a stock market already dealing with a rout in bonds and uncertainty about the Federal Reserve’s interest-rate path.

Traders are piling into options tied to fixed-income ETFs at a record pace, in a rush to position portfolios with yields on 10-year and 30-year Treasuries at the highest in two decades.

Wild gyrations in individual stocks on a punchy cocktail of AI euphoria and fear, a tumbling bond market and geopolitical drama bode well for a long-favored trade among hedge fund managers.

Jane Street Group has begun providing swaps to a swelling cohort of leveraged ETFs, amping up the competition in a niche but lucrative corner of the derivatives market.

Around $7 trillion of US options notional value rolls off the books Friday, accounting for around a quarter of the market, according to data from Citadel Securities.

Bain Capital is taking an equity stake in stock and options intermediary RQD* Clearing as it joins a wave of new capital entering clearing and custody markets.

While Nvidia Corp.’s upcoming earnings and Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole are the main events for investors this week, traders in the equity derivatives markets are already bracing for a potential uptick in volatility around the US midterm elections in November.

Kalshi is asking regulators to delay products from one of its competitors, Cboe Global Markets Inc., as the friction between upstart prediction markets and incumbent financial exchanges heats up.

Cantor Fitzgerald & Co. is giving Wall Street clients access to Kalshi’s prediction markets, in the latest push by the event bets exchange to encourage more institutional involvement in the burgeoning asset class.

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.