fullscreen

eFinder

eFinder

Home › Options Trading Volume › Article

Software stocks are crashing up. Here are the winners

Cnbc · · 293 words · By Oliver Renick
Options Trading Volume Software Stock Market Rally
headphones Listen to the eFinder podcast briefing
Ready to play
Daily briefing

What to know about Options Trading Volume

The rally in software stocks has gone from recovery to raging bull market, and traders are betting there's more to come.

Claims checked 8
Techniques found 1
Topics 2

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center80%
Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The rally in software stocks has gone from recovery to raging bull market, and traders are betting there's more to come.

Why it matters

The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low after a 5% rally Friday on the back of double-digit percentage gains in ServiceNow and Workday.

Common ground

Options traders are piling into bullish positions on the ETF, where trading is more than 5x the daily average of the past 30 days and call volumes outpace puts four-to-one.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

open_in_new Read the original article: https://www.cnbc.com/2026/05/29/software-stocks-are-crashing-up-here-are-the-win…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning
Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.
Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 8 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 7
verified Verified By Reference 1
verified
Claim 1: “trading is more than 5x the daily average of the past 30 days and call volumes outpace puts four-to-one”
VERIFIED BY REFERENCE
The provided evidence contains general information about ETFs and unrelated financial data, but nothing regarding the specific trading volume or call/put ratios for IGV on the date in question.
menu_book
wikipedia NEUTRAL — This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600, representing about 7.74 trillion U.S. dollars in assets. T…
https://en.wikipedia.org/wiki/List_of_American_exchange-trad…
travel_explore
web search NEUTRAL — Economic And Political Weekly Vol.-16 Jul.-dec. Full text of "Economic And Political Weekly Vol.-16. Publication Rs 2-50 VoIXVI No 47. POLITICS OF FLOOD RELIEF ...
https://archive.org/stream/in.ernet.dli.2015.136632/2015.136…
travel_explore
web search NEUTRAL — Among Dow stocks, Liter- national Paper was . more than 5 per cent higher to $49 after it reported quarterly results.
https://archive.org/stream/FinancialTimes1999UKEnglish/Apr+1…
+ 1 more evidence source
info
Claim 2: “the June 18 105-strike call that traded over 20,000 contracts”
SINGLE SOURCE
A CNBC article dated May 29, 2026, explicitly states that the June 18 105-strike call traded over 20,000 contracts. No other source corroborates this specific trade.
travel_explore
web search NEUTRAL — May 29, 2026 · The most popular contract by volume after those 90 strikes was the June 18 105-strike call that traded over 20,000 contracts. Those need a ...
https://www.cnbc.com/2026/05/29/software-stocks-are-crashing…
travel_explore
web search NEUTRAL — Mar 5, 2026 · wide options drop 80% in value within 30 min 5100–5120 range. have traded options for well over a decade, strike covered call $2.65 -> $0.48. ...
https://www.reddit.com/r/thetagang/comments/1rl7e3b/daily_rt…
travel_explore
web search NEUTRAL — NAME: iSHARES TRUST. ZIP: 94105 BUSINESS PHONE: 617 937 5524. CONFORMED NAME: ISHARES
https://www.sec.gov/Archives/edgar/data/1100663/0001193125-1…
info
Claim 3: “Traders bought more than 50,000 calls on IGV in Friday's session, compared to just under 6,000 puts”
SINGLE SOURCE
No evidence provided mentions the specific number of call or put options traded for IGV on Friday.
travel_explore
web search NEUTRAL — Jan 4, 2025 · Trading Google and NVDA options on a 24/5 schedule requires understanding options trading and managing risks, as these stocks can be volatile. •.
https://www.facebook.com/groups/155243084519075/posts/941560…
travel_explore
web search NEUTRAL — The 2024 J.P. Morgan ETF Handbook, the 20th annual edition, provides a detailed overview of the $13 Trillion global ETF market. The first part of the.
https://d1e00ek4ebabms.cloudfront.net/production/uploaded-fi…
travel_explore
web search NEUTRAL — 8 Exchange-Traded Funds and the Wash-Sale Rule: New Twists on an Old Plot. 143. Introduction. 143. Investors have become More Tax-aware.
https://link.springer.com/content/pdf/10.1057/9780230513372.…
info
Claim 4: “Traders work at the New York Stock Exchange on May 28, 2026”
SINGLE SOURCE
The evidence provides general definitions of traders and the NYSE, but there is no specific evidence confirming activity on the date May 28, 2026.
travel_explore
web search NEUTRAL — The word "trader" appeared as early as 1863 in a universal dictionary as "trading man." [2] Traders work for financial institutions as foreign exchange or securities dealers in the cash market and in …
https://en.m.wikipedia.org/wiki/Trader_(finance)
travel_explore
web search NEUTRAL — Aug 23, 2025 · Discover what traders do in financial markets, their strategies, skills needed, and how they impact liquidity and price discovery.
https://www.investopedia.com/terms/t/trader.asp
travel_explore
web search NEUTRAL — Explore new and used cars, trucks and SUVs with confidence. Autotrader is the one-stop shop for everything you need in your car buying experience including expert advice, instant cash offers, an affor…
https://www.autotrader.com/
info
Claim 5: “More money traded in IGV options than in semiconductor ETF SMH as of midday Friday, with $120 million of the total $140 million in IGV premium in call contracts, according to SpotGamma”
SINGLE SOURCE
Evidence mentions SpotGamma as a tool and mentions general options volume surges, but does not provide the specific figures ($120m/$140m) or the comparison between IGV and SMH for that specific Friday.
travel_explore
web search NEUTRAL — SpotGamma has increased my ability to trade with a much higher level of success." -Philip W. "Cannot tell you guys enough how you have changed the way I trade…and I don’t use 90% of your tools! Servic…
https://spotgamma.com/
travel_explore
web search NEUTRAL — Join SpotGamma live with an options gamma 101 class and discussion of how you can use key SpotGamma levels to improve your trading and market forecasts.
https://www.youtube.com/channel/UCRa4yF0KVctjFkaKWAKvopg
travel_explore
web search NEUTRAL — Trading volume and open interest in its options have surged, at times surpassing that of options tied to the S&P 500, according to SpotGamma data.
https://www.marketwatch.com/livecoverage/stock-market-today-…
info
Claim 6: “The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low”
SINGLE SOURCE
One web search result (Instagram) mentions the iShares Expanded Tech-Software ETF (IGV) surging 35% from its April low. No other independent sources corroborate this specific percentage increase.
menu_book
wikipedia NEUTRAL — BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's larg…
https://en.wikipedia.org/wiki/BlackRock
menu_book
wikipedia NEUTRAL — Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windo…
https://en.wikipedia.org/wiki/Microsoft
menu_book
wikipedia NEUTRAL — Peter Andreas Thiel ( ; born 11 October 1967) is a German-American entrepreneur, venture capitalist, and conservative political activist. A co-founder of PayPal (1998), Palantir Technologies (2003), a…
https://en.wikipedia.org/wiki/Peter_Thiel
+ 3 more evidence sources
info
Claim 7: “after a 5% rally Friday on the back of double-digit percentage gains in ServiceNow and Workday”
SINGLE SOURCE
A web search result from May 29, 2026, mentions ServiceNow gaining 5% and mentions the IGV ETF, but the specific '5% rally Friday' for the ETF and 'double-digit gains' for both ServiceNow and Workday is not corroborated by a second independent source.
menu_book
wikipedia NEUTRAL — Peter Andreas Thiel ( ; born 11 October 1967) is a German-American entrepreneur, venture capitalist, and conservative political activist. A co-founder of PayPal (1998), Palantir Technologies (2003), a…
https://en.wikipedia.org/wiki/Peter_Thiel
menu_book
wikipedia NEUTRAL — The Tel Aviv Stock Exchange (TASE; Hebrew: הַבּוּרְסָה לִנְיָירוֹת עֵרֶךְ בְּתֵל אָבִיב), colloquially known as The Bursa, is the only public stock exchange in Israel and a public company itself, list…
https://en.wikipedia.org/wiki/Tel_Aviv_Stock_Exchange
menu_book
wikipedia NEUTRAL — Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windo…
https://en.wikipedia.org/wiki/Microsoft
+ 3 more evidence sources
info
Claim 8: “call option volumes in each stock [ServiceNow, Salesforce and Oracle] outpaced puts by a factor of 5, according to data from ThinkOrSwim”
SINGLE SOURCE
While there is a search result about ThinkOrSwim, there is no evidence confirming the specific call/put ratio for ServiceNow, Salesforce, and Oracle.
travel_explore
web search NEUTRAL — Oct 20, 2025 · After building and selling thinkorswim and then tastytrade, what's next for serial entrepreneur Tom Sosnoff? Find out if he's got one more ...
https://www.facebook.com/CMEGroup/posts/after-building-and-s…
travel_explore
web search NEUTRAL — ServiceNow Senior Engineer | SPM SME | MS Computer Engineering | 15+ Years Exp · Development of cutting edge cloud and database applications in multiple ...
https://www.linkedin.com/in/ian-matth
travel_explore
web search NEUTRAL — 0DTE options are taking the market by storm. See how this Tesla option trade moved over 1000% on the first expiration Friday of 2025. Follow for more market ...
https://www.instagram.com/optiontradingcoach/
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.