Pls find above 2 charts from different exchanges but with the same story. Both are depicting the Equity Options (excl. Index Options) Put/Call Ratios (or in the ISE case Call/Put; I adjusted the axis accordingly to make them comparable) and usually the 10day MA is a good gage to access the situation.What do we see?
EXCESSIVE Call Buying (bull trades) relative to Put Buying (bear trades or hedges) at levels not seen since the HIGH in 2007.....
You draw your own conclusions on what that means.....
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