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OEX Open Interest Points to Rally at Trader’s Narrative





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The S&P 100 options are views as a smart money indicator and right now their ratio of open calls to open puts is less than one. Which means that the smart money holds more calls than puts. This is worthy of note because it is quite rare.

Since 1995, it has proved to be a high probability play, returning a monthly average of almost 4%. I think a sustained upside breakout here would take almost everybody by surprise since we’ve already had quite a sustained move up recently.

But isn’t that the market’s modus operandi?

OEXMay06.png
Source: sentimenTrader.com

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