Put Buying

There seems to be a lot of put buying for a day when the market is up so much. Rydex traders are positioned pretty bearishly. All this argues for a continuation of the rally.

1 comment:

Anonymous said...

Relentless, Dow within a % of new highs.

I feel naked not being short into NFP after being stopped out yesterday. But I cannot bring myself to re-enter here.

Surely it will collapse while I am on the sidelines.

JD