These stocks are signaling the return of the market's 'Animal Spirits'

bitcoin is pushing toward $80,000 for the first time since february, and the rally in riskier assets is spreading. options volume is exploding in crypto-related stocks, signaling a surge in speculative bets. michael saylor's microstrategy jumped 9%, with call volume outpacing puts 5-to-1 in early trading. the most popular contract is the april 24 $180-strike call. in coinbase, someone spent $120,000 on 1,000 calls betting the stock surges another 10% by friday. the question is whether the momentum reaches tesla after its earnings tonight. the stock is down 10% this year, and the options market is pricing in a 5.5% post-earnings swing, though the actual move has been smaller than expected for three of the last four quarters. the cboe volatility index fell even as crude oil gained 4%, a divergence that hasn't happened much lately.