Zeev's Turnips Patch-No Politics (ZEEV)

[Ste]

Zeev, these indicators that are flashing buy...

Have you considered that they are being caused by the ongoing put-killing process? This would cause a false excess negative read from equity P/C and misleading bullish breadth indicators.

If they turn and kill calls next, that will confirm the above.

Also - if the options activity were genuine bearish sentiment peaking, you woulda seen the $VIX & $VXN put on a surge.