Option News Today — August 28, 2026

The S&P 500 is on track for further gains, according to the options market, with traders positioning for a potential surge as the index nears a key positive level. This optimism is reflected in the performance of certain stocks, including Okta and CrowdStrike, whose shares skyrocketed after they reported earnings boosted by the rising threat of artificial intelligence. Okta's stock jumped as much as 29% and CrowdStrike's surged up to 19%, marking a significant increase in value for both companies.

Despite the positive outlook, one indicator in the options market is flashing a warning, suggesting that investors should exercise caution. Meanwhile, other unusual market movements are being observed, such as the activity surrounding SpaceX shares, which are drawing attention from options traders. As the market continues to evolve, traders are closely watching these developments to inform their investment decisions. Today's news highlights the complex and multifaceted nature of the current market landscape, where both opportunities and risks are present.

Today's signal:
• The options market is signaling further gains for the S&P 500, but one indicator is flashing a warning (marketwatch.com)
• The S&P 500 is nearing a positive level — and the options market suggests a surge is likely (marketwatch.com)
• CrowdStrike posts best day ever, Okta's stock pops nearly 29% as rising AI threat lifts earnings (cnbc.com)
• Okta's stock skyrockets 29%, CrowdStrike's surges 19% as rising AI threat boosts earnings (cnbc.com)
• Okta's stock skyrockets 27%, CrowdStrike's surges 18% as rising AI threat boosts earnings (cnbc.com)
• SpaceX shares are doing something very unusual. Options traders are taking note (cnbc.com)