Options Traders Head For The Hills
Via Dana Lyons’ Tumblr,
ZeroHedge.com
03/11/2016
We are not the first or only ones to point out that the current post-February stock rally has been less than enthusiastically received by the trading community. While there are some exceptions, most intermediate-term sentiment gauges are either leaning towards fear levels or, at best, neutral. One example comes from the equity options market where daily call buying in recent days has reached a nearly unprecedented streak of subdued levels relative to put buying. This has typically been a bullish sign for the market – however, the current signal is anything but typical.
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