The Roundhill Memory ETF (DRAM) saw a surge in options trading activity on Friday, September 4, 2026. Total options volume reached 437,383 contracts. Call options represented 72% of the trading, indicating bullish sentiment among some market participants.
This increased activity follows broader discussions of a potential "second memory rally." The rally is driven by memory's critical role in the artificial intelligence buildout. Analysts note unprecedented demand for DRAM and HBM. Memory components are expected to account for a growing share of cloud service providers' capital expenditures.