Se observa como en el ultimo mes ha habido un gran incremento de calls abiertas que concuerda con el fuerte rebote que hemos visto en las bolsas americanas (SPXNDX). En este grafico se puede observar que el dia 13 de junio se registra un nivel alto de Puts abiertas que coincide casi con los minimos de YTD. En mi opinion estamos ya muy sobrecomprados y se registran demasiadas call abiertas por lo que mas probable es que se produzca un retroceso y asi el ratio dejaria de ser tan extremo en cuanto a calls abiertas. Aunque el precio es el que manda como siempre.
It can be seen how in the last month there has been a large increase in open contracts of calls that is consistent with the strong rally that we have seen in the US stock markets (SPXNDX) in the last month. In this graph it can be seen that on June 13 there is a high level of open contracts of Puts that almost coincide with the YTD lows. In my opinion, we are already very exceed and there are excesses of open calls, so it is more likely that there will be a pullback and this the PUT/CALL ratio would no longer be so extreme in terms of open calls. Although the price is what commands as always.