The CBOE equity put call ratio over the past 2 trading sessions have been lingering between 0.50 to 0.53, while over on the ISE, the ISE option sentiment index is putting up very large numbers, going over 350 at the beginning of the session,and currently at 234 as of 3:50 pm, showing call buying overwhelming put buying on equities.
This is showing the complacency among stock investors which will set this market up for a big downdraft soon. I believe earnings this quarter will be the catalyst for that selloff.
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