Steve Sosnick Profile picture
Day job, Chief Strategist, IBKR. Tweets represent me & ONLY me - NOT my company. See website below for my work product. (Retweets && likes) != agreement.
Nov 17, 2022 4 tweets 2 min read
A quick chat about #Options and the put/call ratio.

I've gotten some questions today about the elevated put/call ratio. Here's the problem with #OptionsTrading - there are many different put/call ratios that one can use, and the one being discussed isn't that useful (1/ Image The graph above shows two different put/call ratios. The yellow line is the Cboe equity put/call ratio, which is indeed at a high.

Problem is, that only shows equity #Options on one exchange. The biggest exchange, but 1 of 16. (2/
Jun 7, 2021 11 tweets 6 min read
With #NakedShorting trending today, it may be useful to brush up on the mechanics of how #shorts work.

First, a refresher on how #ShortInterest can grow to extraordinarily high levels, even greater than the float. And yes, it's legal (1/)

tradersinsight.news/traders-insigh… I watched @MelissaLeeCNBC's discussion with @timseymour and @GuyAdami on @CNBCFastMoney. Blurting "naked short" is hardly evidence that a conspiracy of #NakedShorting exists. It's illegal, and as a result most firms go to great lengths to prohibit their customers from it (2/)