Zeev's Turnips Patch-No Politics (ZEEV)

[shoreco]

>> (except excessive index put buying as hedge by big traders). <<

It kicked in shortly after the "massive casualties" headline, and even though the market rallied back on the "pepper spray" revision, the current put/call ratio shows that "large traders" were caught unhedged for that 15 minute freefall...


Could the "put floor" be coming back to the market or just temporary support???

IMO, we are less than a week from a local high...

JMO of course...