There's a disparity and an underlying bullish accumulation towards otm puts vs calls. Spread wise you can see call premium vs put premium making more sense to sell upside calls vs downside put spreads.this could be a reflection of earnings but could lead to a outsized distribution. Ie a volatility spike
when 70+% of shares outstanding are in lockup for several months theres little to no ability to stop this steam roller. i say. bullish until halted or lockup period (novemeber) comes. optionality. use the put-call skew as a means to tell you direction. ie when puts are 2x premium vs call premium you can infer a direction
powell speaks tomorrow in my opinion based on data ive been watching he may emphasize the need to be proactive. to be swift. the tool belt as he described last speech will require creativity due to limited abilities on a historical basis.