First time that the calls exceed puts post covid. Congratulations! But what does that mean for the stock market?
From my point of view, I do not think it's normal for calls to exceed puts, as even in the most bearish time - March 2020, the puts are always larger than calls. But this time the opposite.
It's unfortunate as TradingView does not have the data from the 2008 crash, but I do think this is a bull trap for those who believe this is the "bottom". Still shorting, and stay shorting.
Sincerely,
From my point of view, I do not think it's normal for calls to exceed puts, as even in the most bearish time - March 2020, the puts are always larger than calls. But this time the opposite.
It's unfortunate as TradingView does not have the data from the 2008 crash, but I do think this is a bull trap for those who believe this is the "bottom". Still shorting, and stay shorting.
Sincerely,
Star Platinum - The World!