Investors are betting on a rebound in US software stocks:
Call options volume in the Tech-Software ETF, $IGV, spiked to a record 220,000 contracts on Wednesday.
This is 4 TIMES higher than the previous high seen at the beginning of 2025.
This comes as $IGV has declined -25% year-to-date, to the lowest since April 2025.
Since September 2025, the Tech-Software ETF prices have fallen -33%.
As a result, $IGV relative to the S&P 500 is down to its lowest level since January 2018.
In January alone, the S&P North American Software index dropped -15%, posting its largest monthly decline since October 2008.
The sell-off in software stocks is beginning to look overdone.
