A contrarian signal if you ask Bill Lubby, over 1M put contracts have already been traded on the...

|By:, SA News Editor

A contrarian signal if you ask Bill Lubby, over 1M put contracts have already been traded on the S&P today - nearly 2.5X the average and following 913K yesterday. Over the past couple of years the "rare instances" when put volume reached 1M typically coincided with bottoms in stocks.