The options market hasn't done this since 2002
Over the past 3 days, the Equity-only Put/Call Ratio has been below 0.5, meaning options traders turned over half has many puts as calls, typically a sign of optimism. Stocks have struggled when the ratio was this low over a 3-day period, and it hasn't happened since 2002 when the S&P 500 was below its 200-day average.
Sorry, this content is restricted to SentimenTrader members.
To read this post, please login to your account, sign up for our trading solutions or start a 30-day free trial to SentimentEdge reportLogin →