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Amateurs Buying Calls... Not a great sign.


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#1 OEXCHAOS

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Posted 12 July 2023 - 11:51 AM

The amateurs may not be the fade they once were, they're still a fade when the quickly get leaning hard.

ISEE is a 155, which shows a lot of amateur Call-buying.

The CBOE and Equity P/C's are lower than they've been in a long time (over a year, at least).

We know that these guys are also quick to get Bearish on any weakness, but still. Might get a pullback to shake the new Bulls loose.

 


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#2 OEXCHAOS

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Posted 12 July 2023 - 11:52 AM

https://schrts.co/awJupQTp


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#3 qqqqtrdr

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Posted 12 July 2023 - 02:15 PM

Put/Call Ratios have been a solid sell for over a month.   I am surprised to see the OEX starting to turn bullish over the last couple of days as Institutions seem to be betting on the upside of big caps this week.



#4 12SPX

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Posted 12 July 2023 - 02:25 PM

WWW is today and if you follow to its original meaning it indicates we'll see a down expiration if we hold the gains.  I've noticed the past few years though the founder of the indicator has said no matter what happens its bullish though lol!!! 



#5 slupert

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Posted 13 July 2023 - 09:55 AM

The amateurs may not be the fade they once were, they're still a fade when the quickly get leaning hard.

ISEE is a 155, which shows a lot of amateur Call-buying.

The CBOE and Equity P/C's are lower than they've been in a long time (over a year, at least).

We know that these guys are also quick to get Bearish on any weakness, but still. Might get a pullback to shake the new Bulls loose.

 

Its coming. Uncle Buck is way oversld and they are all leaning the wrong way, Uncle Buck pops,theyll drop.jmho



#6 qqqqtrdr

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Posted 13 July 2023 - 11:57 AM

Momentum is too the upside,  Short term we are overbought, but long term momentum is overshadowing the short term bear.    Given increased consumption in car sales, and home sales which are in double digit growth YOY, this market is poised to continue to rally.