This is a chart of the ticker PCC , where PCC is the put/call ratio ( PCR ). PCC reports the ratio of the number of put options to call options. A high PCR ( PCR > 1) indicates highly bearish sentiment, since puts are bought more frequently in one or both of two cases: First, investors buy puts to hedge their bets when they are afraid of a significant market...
The put/call ratio is at extreme lows and investors are becoming overly bullish while the S&P 500 hits all time highs. The VIX is still elevated and certain stocks look extremely overbought and overvalued while others are still down 10%-20% for the year. I think we are witnessing one of the biggest bubbles in history and it is just a matter of time before it...
people hated puts at recent S&P highs and decided loading up on puts just in time for the bounce....
...and are now once again selling out those puts...
S&P vs put call ratio
A reading above 1.20 shows extreme bearishness among speculators and can indicate a good time to buy stocks for the short-term. A reading below 0.80 shows extreme bullishness and could indicate a good time to sell.
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