Dueling Put/Call Ratios Confuse Traders

Divergence? You want divergence? Take a look at the difference between index option trading and equity options trading.

In much the same way cyclical and growth stocks have pulled in different directions, trading in equity options has been centered on calls even as index options began leaning more heavily than usual toward puts. Traditionally, index options are used more frequently to hedge and options on individual equities are used primarily for speculation.

Volatility Index
Today	% Change
25.44	-1.97
Source: ILX

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