Total Put call has crept up very high again.
This would be a scary time to be short.
That said, some indices and stocks are close to or back-testing prior support lines, which is now resistance. That hints / yells of time to be short.
Tough market, no time to day trade.
Hope you caught some of the downdraft today, Steve. I was tempted last night when ES was only down 6, but c'est la vie. I did catch it from early this a.m., so no complaints.
ReplyDeleteAs it turned out, it was a scary but very good time to be short. Some lucky bastards were...lol
No time to daytrade, annoying to say the least.
ReplyDeletePS good job for you!
ReplyDeleteI would say this is looking quite a bit like 2008 with put call high, and yet prices continued to fall