Options trading has surged, accounting for 75% of current transactions, with bullish options reaching a recent peak. A significant $1.7 billion in options trades represents nearly half of today's volume, primarily in long-term, deep out-of-the-money positions. This trend suggests that long-term investors are positioning for a market rebound later this year. Historically, after a period of consolidation and bottoming, markets tend to recover. Currently, the market is still in a bottoming phase, and traders are advised to wait for a more confirmed rebound before entering, focusing on right-side trading strategies rather than left-side.