One of the greats in the business just issued this major warning as stock markets melt-up.
A Small Dose Of Big Optimism
November 28 (King World News) – Here is a small portion of a warning that was just issued by Jason Goepfert at SentimenTrader: “…small options traders tried to take full advantage last week. They spent a good portion of their volume on purchasing call options, to profit when the market rises…
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Since they seemed to be awfully confident of higher prices, there was no need to hedge, so they spent only 16% of their total option volume on purchasing protective put options. That was the least amount since 2015 and among the lowest levels since the market bottomed in 2009 (see chart below).
WARNING: Put/Call ratio plummets to one of
the lowest levels since 2009!
The low amount of put buying pushed the ROBO Put/Call Ratio below 0.5. A Ratio below 0.5 means that the smallest of options traders bought to open twice as many call options as put options, a rarely-seen extreme in recent years.”
The chart and commentary above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
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