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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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