买Put的人多了，但是买Call的人少了。 With the S&P 500 just points away from a record, the volume of bearish options has jumped to the highest level since December relative to calls. In a similar trend, active investors have been trimming their exposure, with Monday’s data from the National Association of Active Investment Managers showing a further decline in stock holdings to the level last seen in April a year ago.
That retail investors haven’t jumped in to buy the dip, like they did earlier this year, has been another signal that excessive euphoria is likely over. Call-buying at the open among small-lot traders -- those trading 10 contracts or fewer at a time-- just plunged to the lowest level in 13 months, data compiled by Options Clearing Corp. and analyzed by Susquehanna show.
That retail investors haven’t jumped in to buy the dip, like they did earlier this year, has been another signal that excessive euphoria is likely over. Call-buying at the open among small-lot traders -- those trading 10 contracts or fewer at a time-- just plunged to the lowest level in 13 months, data compiled by Options Clearing Corp. and analyzed by Susquehanna show.