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The index put-to-call ratio has dropped to 0.76, the second-lowest level since March 2020.

Furthermore, the ratio’s 10-day moving average fell to 0.96, the lowest since August 2019.

Them overall total put-to-call ratio is also down to 0.72, the third-lowest since November 2021.

As a result, its 10-day moving average hit 0.78, a 39-month low.

Even as the market has seen an increase in volatility, demand for puts is historically low.

Bullish sentiment is through the roof.
(@TheKobeissiLetter)



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The index put-to-call ratio has dropped to 0.76, the second-lowest level since March 2020.

Furthermore, the ratio’s 10-day moving average fell to 0.96, the lowest since August 2019.

Them overall total put-to-call ratio is also down to 0.72, the third-lowest since November 2021.

As a result, its 10-day moving average hit 0.78, a 39-month low.

Even as the market has seen an increase in volatility, demand for puts is historically low.

Bullish sentiment is through the roof.
(@TheKobeissiLetter)

BY The Kobeissi Letter




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You may recall that, back when Facebook started changing WhatsApp’s terms of service, a number of news outlets reported on, and even recommended, switching to Telegram. Pavel Durov even said that users should delete WhatsApp “unless you are cool with all of your photos and messages becoming public one day.” But Telegram can’t be described as a more-secure version of WhatsApp. Oh no. There’s a certain degree of myth-making around what exactly went on, so take everything that follows lightly. Telegram was originally launched as a side project by the Durov brothers, with Nikolai handling the coding and Pavel as CEO, while both were at VK. At its heart, Telegram is little more than a messaging app like WhatsApp or Signal. But it also offers open channels that enable a single user, or a group of users, to communicate with large numbers in a method similar to a Twitter account. This has proven to be both a blessing and a curse for Telegram and its users, since these channels can be used for both good and ill. Right now, as Wired reports, the app is a key way for Ukrainians to receive updates from the government during the invasion. However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. But because group chats and the channel features are not end-to-end encrypted, Galperin said user privacy is potentially under threat.
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