SPX Cycles System Daily Cycles (SPI:IN\X)

[JLS]

RCKS,

let's suppose for example that there are two scenarios for SPX puts ...

1) large Put position as primary bet because investors expect market to turn bearish, and when all things considered, they want to make money as it does go down;

2) large Put position as secondary bet because investors expect market to turn bullish and they want those gains on stocks being held, but they aren't convinced so they take Put positions as insurance and are willing to loose on those (as insurance always has an underlying cost).

One argument says investors expect the market to go up; the other argument says to expect the market to go down. Net result is net Put/Call position says nothing about market direction.

What do you think about that?