By Saqib Iqbal Ahmed

NEW YORK, June 3 (Reuters) – Wall Street’s nine-week rally has pushed U.S. stock indexes to successive new highs, but people who watch key options metrics warn that signs are mounting that a volatility shock could be around the corner.

“This is very, very ripe for what I like to call volatility spasms,” ‌said Brent Kochuba, founder of options analytic service SpotGamma.

The S&P 500 has risen nearly 20% from its late March lows over nine straight weeks of gains, despite elevated oil ‌prices and a war in the Middle East. U.S. stock investors have looked past that while betting that the AI investment boom will keep lifting semiconductor and other tech stocks.

But under the hood, various measures used…