Retail engagement, volatility drove US options market's annual record in 2025

23rd January, 2026

Narayani Srinivasan

2025 was the sixth consecutive record year for U.S. listed options, driven by strong equity performance, bouts of elevated volatility and increased retail and institutional flow, according to a report from Cboe Global Markets.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec neque eros, consectetur ut dignissim et, ultrices ac enim. In accumsan, ex a ultrices bibendum, nulla lectus molestie enim, id elementum leo enim eget ligula, ut suscipit metus efficitur vel.

Nam quis hendrerit eros, id fermentum lorem. . Integer sit amet ex consectetur, gravida nisi eu, mollis enim. In finibus augue quis tellus varius mollis. Donec neque eros, consectetur ut dignissim et, ultrices ac enim, ut suscipit metus efficitur vel. Consectetur, gravida nisi eu, mollis enim. In finibus augue quis tellus varius mollis.

Unlock this article and access more with a free trial

Access this article plus the full FOW Intelligence platform, featuring timely insights, expert analysis, and comprehensive volumes data from 100+ exchanges. Everything you need to make informed decisions.

  1. • Actionable insights across global futures and options markets
  2. • Volumes and open interest data from 100+ exchanges
  3. • Expert analysis to support smarter trading decisions
  4. • Trusted by financial professionals for 29+ years
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

Already have an account?Log in