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The CBOE put/call ratio has surged to its highest level since October 2021, indicating significant bearish sentiment in the market. This spike, observed on November 4 and 5, 2024, comes amid heightened hedging activity ahead of the US Election Day. The ratio also reached its highest point since May 2022 and October 2023. Analysts note that the elevated put/call ratio suggests investors are preparing for potential market volatility. Despite this, futures have inched slightly higher, with light trading volume expected.
Huge spike in the CBOE put/call ratio yesterday, highest since October '23. Makes sense, as lots of hedging ahead of the election, but how many times is the crowd right? Good chance these bearish bets could unwind and produce potential buying pressure later in November. https://t.co/xZg0CuCYJ5
The Cboe put/call ratio hit new 52-wk highs yesterday. This is with stock markets all over the world hitting new all-time highs. What do you think people are so scared about and how aggressively should we be fading their fears?
🚨 Election Day SHOCKER - What Happens to Markets Next? 🇺🇸 .@biancoresearch answers... Enjoy https://t.co/jsvmVcz7k2