78% of equity options throughout the world were traded in India last year.
Look at this growth since the onset of Covid! Source: Barchart
Total Put/Call Ratio drops to 0.74, the lowest level since December 28, 2021 👀 Retail continues to YOLO calls
Source: barchart
BUBBLES = Super-short-term gambling (zero days to expiration options)... is now running at 50% of the daily flow
Source: Keith McCullough, Bloomberg
Total Put/Call Ratio dropped to 0.77 on Friday, one of the lowest levels in the last 2 years
Source: Barchart
The put/call ratio is as low as at the DotCom peak
Source: The Daily Shot, WinSmart
10-Year Treasury Yield Options Bet
Ahead of US jobs data, an Options Trader bet $625,000 that the 10-Year Treasury Yield would surge to at least 4.15% by Friday's close. If the yield were to jump to 4.20%, the bet would pay the trader $10 million in profit. Source: Barchart, Bloomberg
Record Options Volume !
Average daily stock options volume this year is 44 million contracts, on track to be the highest in history and more than double what it was 5 years ago. Source: barchart
As highlighted by The Kobeissi Letter, options markets are suggesting that Bitcoin will hit $50,000 by January
This also happens to be the same month that Bitcoin ETF approvals are expected. Open interest for Bitcoin $50,000 strike calls is massive, as displayed below. A move to $50,000 would put Bitcoin up more than 200% from its low. Options are suggesting the run is only just beginning. Can Bitcoin continue to thrive after ETF approvals? Source: The Kobeissi Letter
