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. [View news story]
I believe we are still headed lower, small rally's here and there,but a downward spiral thru the Election.
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. [View news story]