Prediction: U.S. Options Volume Will Set a Record for the Seventh Straight Year

The U.S. options market is poised to reach a seventh consecutive record in volume, according to Cboe Global Markets and Nasdaq. In the past year, a single-day high of over 110 million contracts was recorded, nearly double the average daily volume seen in 2025. In 2009, a "Double Down" signal appeared for Nvidia, and now a "Total Conviction" signal is emerging for a company 1/100th the size of Nvidia.

Cboe Global Markets posted its seventh record quarter in the second quarter of 2026, with net revenue of $732 million, a 25% increase from the previous year. Adjusted diluted earnings per share reached $3.60, up 45%. The surge in retail trading and demand for options is contributing to the growth. Nasdaq reported $1.5 billion in net revenue, a 15% increase year over year, with index options volumes hitting record highs.

Cboe and Nasdaq are developing new growth avenues beyond their core businesses, such as Cboe Predicts and company-specific KPI contracts, as well as Nasdaq-100 event options and 23/5 trading hours. With daily volume averaging nearly 71 million contracts in the second quarter of 2026, options revenue could keep climbing, potentially driving stronger revenue growth for both exchanges.