US options market activity is exploding: The average daily volume of US equity and index options has surpassed 65 million contracts for the first time ever. Total options volume has TRIPLED over the last 6 years. During this period, call options volume has QUADRUPLED, hitting a record 41 million contracts. Simultaneously, put options volume has TRIPLED, reaching 25 million contracts. Risk appetite is historically strong.(The Kobeissi Letter)