Moomoo recently released the results of its 2024 options trader survey in partnership with Cboe Global Markets. The survey highlighted the increasing popularity of options trading among retail investors, with many individuals showing interest in expanding their trading strategies. However, a significant number of respondents cited a lack of knowledge as a barrier to options trading, indicating a need for enhanced investor education in this area.
The survey revealed that a large portion of retail traders began exploring options trading during the pandemic, with 67% of those surveyed having less than three years of experience in options trading. Despite being relatively new to the game, 49% of investors trade options on a daily or weekly basis, with 43% engaging in Zero Days-to-Expiration (0DTE) options trading.
To gather these insights, moomoo surveyed over 1,000 users at the end of the third quarter of 2024 to understand their trading habits, sentiments towards options, and the resources they use for options trading. The collaboration with Cboe provided valuable data to support and enhance the survey findings.
The surge in options trading can be attributed to factors such as reduced fees and spreads, improved access to financial information, and the availability of powerful analytical and educational tools. The primary motivations for options trading, according to the survey, include income generation and risk management. Many traders are actively seeking real-time information and competitive fee structures to enhance their trading experience.
Neil McDonald, CEO of Moomoo US, expressed excitement about the growing interest in options trading among retail investors. He emphasized the importance of providing quality education resources to support the retail investment community in navigating the world of options trading.
In conclusion, the 2024 options trader survey conducted by moomoo sheds light on the increasing popularity of options trading among retail investors. The findings underscore the need for enhanced investor education to help individuals build their knowledge and confidence in options trading. With the right resources and tools, more retail investors can successfully navigate the world of options trading and potentially enhance their investment strategies.