The monthly put/call ratio chart is even more dramatic in its picture of investor call-buying optimism about the stock market. But the American Association of Individual Investors weekly sentiment readings show what amounts to the opposite of the 2 options gauges. The CBOE option weekly put/call ratio looks like this:CBOE options total put/call ratio, weekly chart. The CBOE Options Total Put/Call Ratio looks like this on a monthly basis:CBOE Options Total Put/Call Ratio monthly chart. stockcharts.comYou can see clearly that the monthly put/call ratio is the lowest it’s been in about 7 years.

Source: Forbes August 10, 2020 02:50 UTC