Initial options positions for today……220.
2.2 new call positions for each put. Highest ISSE since just before
October 2007 (and higher than that extreme). Extreme highs have been
followed by declines… usually, quickly, but not always. (as in last
month). Both Equities and Indices/ETF portions of the index were high
with the later the higher of the two. Unanimous, it appears options
players are expecting the rally.