Bearish bets build in the stock market - Put/Call ratio

JD_co

https://axios.com/2022/11/18/bearish-bets-stock-market

U.S. equity put/call ratio
"On most days there are more calls than puts. However, on November 16, 2022, there were 1.46 puts per call, the highest ratio since at least November 2002.

That might sound like a reason to run away from stocks. But oddly, market analysts usually see extreme levels of bearishness in investor sentiment as good news for stocks. The put/call ratio is often used as a so-called contrarian indicator."

yogibearbull

Low SKEW is not confirming this. When investors buy lots of puts, their prices tend to get relatively more expensive than calls; then SKEW should be high. But SKEW remains low.
https://stockcharts.com/h-sc/ui?s=$SKEW&p=D&yr=1&mn=0&dy=0&id=p70053428423

johnN

This also happened? 3 4 wks ago and market gapped up that wk.... Not many able to predict nor time the market well