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.

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ABN AMRO
Bank of America
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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

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