Record S&P 500 Put Volume & Black Monday Anniversary
S&P 500 put option notional volume hit a record $3.3 trillion on Friday — +330% above the 2024 average — as markets observe the 39th anniversary of Black Monday's 20%+ crash on October 19, 1987.
What we know
An account on X reports Friday's S&P 500 put volume at $3.3T notional, its highest ever, +330% above the 2024 daily average — a significant hedging/fear signal. Another account on X notes today marks the 39th anniversary of Oct 19, 1987, when the S&P fell 20.47% and the Dow dropped 22.6%. Meanwhile, another account on X reported Nasdaq 100 up 2% and S&P 500 up 0.9% intraday today, with @CoinbaseMarkets showing a 56% prediction market probability of S&P 500 exceeding 8,000 this year.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.