Hi Guys, I saw this site on Twitter which I think it's interesting. There is still a huge amount of OTM put interest in the QQQ 25% in the next 30 days versus the total in the next 2 years.
I went on and check the trading detail for last Friday. Less than 100k volume trade last Friday even with such a strong rebound. Assuming 100% of those trade volumes are closing, there is still more than 1.5 million open interest out there. The author said SPY has an identical set up too. Is the big institutional money betting more downside ahead?
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