Greeks.live: Options block trades are starting to see active put buying suggesting institutional investors are not very bullish on the ETF market
The likelihood of the ETF's passage became less and less likely, and the market saw a stalemate. Weakness in crypto mining stocks, and the sell-off in several crypto-related U.S. stocks, also reinforced the market's skepticism. ATM option IV plummeted to 52% for the week and below 65% for the January 12 expiration, and overall has fallen back to last-year-end averages. Current month puts are now cheaper, and block trades are starting to see active put buying, with options market data suggesting that institutional investors are not very bullish on the ETF market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
West Texas Intermediate trades near $102.00 after pulling back from five-month highs
Zest Protocol suspends new lending operations due to an exchange attack incident
Target price slashed by 26% overnight! Morgan Stanley: Caterpillar (CAT.US)'s AI myth is gradually being exposed by the market cycle.
Morgan Stanley has cut Caterpillar's target price from $915 to $675, a reduction of 26%. The bank believes its AI narrative is giving way to the cyclical outlook, signaling that the stock has officially entered a valuation correction.
Morgan Stanley: Gross margin recovery path is clear, reiterates “Overweight” rating on STMicroelectronics (STM.US)
Morgan Stanley maintains its "Overweight" rating on STMicroelectronics and sets the target price at 65 euros.
Crypto prices
More
