Call buying
There was a curious jump in call buying on the ISE exchange on Monday, with 300 call equity call options bought to open for every 100 puts. That's among the most in 14 years. The Backtest Engine shows that while this should be a negative sign of excessive speculation, only 2 of the 10 dates led to negative returns over the next month. The ROBO Put/Call Ratio that focuses on small traders remains stubbornly high, however, as that group continues to spend a record amount of their volume on protective put options.
