The technology sector is experiencing a notable rotation, particularly within software stocks, as indicated by the performance of the $IGV index, which has risen by 3.3%. The options market reflects this trend, with a Put/Call ratio of 933/11,000 for $IGV, suggesting bullish sentiment. Additionally, there has been significant buying activity, with 1,200 June $100 in-the-money calls traded at a price of $410.30. Analysts are observing this rotation as part of a broader bull market trend, with various software companies such as ServiceNow (NOW), Palantir Technologies (PLTR), Snowflake (SNOW), and CrowdStrike (CRWD) being highlighted as key players in this movement. The focus on these stocks aligns with upcoming events, including earnings reports and the Federal Open Market Committee (FOMC) meeting, which could further influence market dynamics.