We’d usually jump feet first into a stock market update and analysis around this time of day. But today, I thought I’d start off with something interesting I found.
Let’s take a look at the put-call ratio...
The put-call ratio gauges the trading volume of put options to call options in the market. Whenever the put-call ratio is above 1 (more puts than calls), like we saw last October, it means investors are increasingly fearful and that put buying is increasing.
But over the past four months, sentiment has been moving toward calls, which means the recent fear level is now lower.