Loading ...Actually the ETF gamblers have the majority of the open interest put / call ratios across the sector well below unity (open interest ratios are the only ones important because it shows speculators are willing to hold the positions overnight) because they are permabulls and think they are buying participation. The best example is SLV. It’s ratio is .25 — or 4 times as many calls as puts. So the machines don’t have anybody to squeeze, which is why prices fall.
If the knuckleheads that play this crap would just buy the metal — they would create a self-fulfilling prophecy and stop feeding the machines.
Same thing with the stock market. The ratio on the SPX / SPY is above 2, or twice as many puts as calls. Want to know why the stock market doesn’t go down despite the fundamentals — there’s your answer.
Everything else is moot.
Cheers