SentimentEdge report

Jason Goepfert

5-21-2020 at 10:30 am

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.

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