tech stocks have been volatile lately as you know and viti is now on pace for its best day since

September but still down 3% on the month it may be far from your traditional stock picking

its driving moves and mega caps though our kate runy takes a closer look at that in today's tech

check morning kate hey karl good morning yes it appears to be bullish options activity driving

some of the biggest gains in tech lately.

When you look under the hood, options are fueling more volatility in mega caps as investors

search for more upside. Alphabet is a prime example of this. It's up double digits in the

past week. And yes, there were some positive headlines. You had the quantum chip, new AI models,

and Musk, Elon Musk even tweeted about it, which

we thought might be having an impact.

But if you look at just equity flows, so old-fashioned buying and selling, that really didn't

pick up much as the stock marched higher.

You can see here data from Vanda research shows nothing out of the ordinary, a slight uptick,

but it is a totally different story

if you look at options. So Vanda also highlights a massive surge. You can see on the right side

of your screen in Google call options last week, which give you the option to buy the stock

at a higher price. And then Jeff Kilberg over at KKM also calling out a flurry of alphabet options,

pointing out one large investor,

sometimes call that a whale buying 120,000 calls that expire on Friday.

Overall, this year, options activity has been surging.

It's back at an all-time high, and Vanda does point out it has been net bullish positioning

so far this year, and especially after the election.

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