The herd continues to do the opposite of what makes sense...


They are loading the boat on calls right now when its less compelling because "stocks are going up"
Then when the market was falling a month ago they couldn't get enough puts to hedge...
They got smoked on the puts they bought a month ago. SMOKED.
The calls they are buying now is after the market made a huge move and is less compelling to do so...
They continue to buy high and sell low...
This chart perfectly shows that.
ON-8.57%
NOW4%
UP32.41%
post-image
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