[Action-starved traders are piling into small-cap options](https://www.cnbc.com/2026/07/09/action-starved-traders-look-to-small-cap-stocks-for-the-next-big-move.html) with some of the biggest single bets in the entire options market. But here's the thing: mega-cap tech still anchors the S&P and those names have barely budged despite the Iran ceasefire collapse and mortgage rate shock.

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