Not sure how useful Rydex data is. Bear funds are not offered by most fund companies so Rydex and Profunds probably attract the lions share of bearish money. If all had a bearish option I bet Rydex bear fund level would be exceedingly lower.
Some could be hedging activity for long/short strategy portfolios and options related hedging.
I don't trust it as a reliable sentiment indicator.
chart of OEX put/call found on Google,
Searched stockcharts but didn't find the symbol. Any clues?
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