Software stocks are crashing up. Here are the winners Software stocks have transitioned from a recovery phase to a strong bull market, with traders exhibiting significant bullish sentiment through options trading. The iShares Expanded Tech-Software ETF (IGV) has seen substantial gains and heavy call option volume, outpacing puts significantly. Despite some hedging activities, the overall trend indicates a strong belief in continued upward momentum for software companies.

• Software stocks are experiencing a strong bull market rally.
• The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low.
• Options traders are heavily favoring bullish positions on the IGV, with call volumes significantly exceeding puts.
• Major software companies like ServiceNow, Workday, Salesforce, and Oracle have seen double-digit percentage gains.
• IGV options trading volume surpassed that of the semiconductor ETF SMH.
• Some traders are hedging call-buying with spreads, and large call sales have also occurred.