US Put-Call Ratio at 11-Year Low, Bullish Sentiment Peaks

The put-call ratio on US equity options continues to decline sharply, currently sitting at a historically low level. This indicates that bullish sentiment among stock investors is now the strongest it has been in 11 years.

Traders often view a low put-call ratio as a sign of extreme optimism, which can sometimes precede a market correction. However, the data simply reflects current positioning.