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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (85898)	8/18/2016 4:14:49 PM
From: Seismo	3 Recommendations Recommended By GROUND ZERO™ Ms. Baby Boomer rayrohn Read Replies (1) \| Respond to of 218713

Here's that complacency you talked about. The open interest in S&P 500 ETF (SPY) call options has never been higher as the last few days panic-buying leveraged long positions lifted exposure above summer 2011 highs... The last time SPY call option open interest was this high, S&P 500 tumbled 20% in 2 months amid the US downgrade...The level of bullish bets that the SPDR S&P 500 exchange-traded fund will rise reached a record this month and hit the highest level since January relative to bearish options. Sure is a good thing this time is different huh?