Put/Call Ratio Is Falling to a Rarely Seen Extreme Level: StockTwits
NEW YORK (TheStreet) -- There's a stunning development happening in the options market.
The equity-only put/call ratio is hitting extreme levels. In fact, it's nearing one of its lowest-ever levels. On Wednesday, the put/call ratio closed at 0.38. Since 2003, the ratio has only dropped lower than that on six occasions.
At moments like this, we must ask ourselves: have markets become too complacent? Or are we in fact witnessing one of the greatest bull markets in history?
We've shared two charts below that perfectly show what the put/call ratio is doing right now and why everyone is so captivated by it:1. Here's a remarkable view of the equity only put/call ratio vs. the S&P 500
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