Chart Check: Bearish Bets On Tech Spike Near Decade High

In case you haven’t noticed, your tech positions (those would be the positions that performed so well right up until June) are looking increasingly dicey.

You’re encouraged to read more in “Tech Turmoil: Black Swan Vol. Event Burns ETFs, Hedge Funds Dump Nasdaq Longs” and in “This Hasn’t Happened Since 2002” but suffice to say that the Nasdaq “VIX” is now trading at its widest disparity to the S&P VIX since 2002:

VXNVIX

Given that, it probably won’t come as a surprise that open interest in QQQ puts is now at a decade high: 

decade

********

h/t on that goes to our homegirl Dani Burger who, in a travesty of justice, was recently left off New York’s “best burgers list”…

burger

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s