A tech mania is underway. Bullish bets explode.

The recent rally has been marked by strong activity in tech-related bullish options. Nvidia’s call options hit one of the highest levels on record in recent sessions, as did activity in the Technology Select Sector SPDR Fund, a popular sector-related ETF, according to data from Cboe Global. Markets. Calls traded in Advanced Micro Devices shares hit a year high this week.

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