Put/call ratio= 1.05, close to a bounce; $TLT keeps falling

GMI5/6
GMI-24/8
T210857%

The put/call ratio is suggesting extreme bearishness among option traders. A reading larger than 1.1 generally leads to a bottom or at least a bounce. Much of the decline may be a reaction to falling bonds and higher interest rates, reflected in the continuing decline in TLT.

 

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