Top 5 Charts of the Day – September 2nd 2020

The ratio of total put options to call options traded on U.S. exchanges dropped to 0.51 Tuesday, taking the five-day average to 0.54, the lowest since December 2010 – Bloomberg pic.twitter.com/zekMfqZu6P

— Christophe Barraud (@C_Barraud) September 2, 2020

#Tech Traders Say Options Hedging Is Firing Up Rally in Nasdaq – Bloomberg
*Link: https://t.co/bojrX84qTC pic.twitter.com/1KiXRVAbHj

— Christophe Barraud (@C_Barraud) September 2, 2020

Vol Up Spot Up! Some thoughts…

large call buying in $NDX single names is driving index vols higher with spot as dealers are short gamma/vega in these names. Over the last 3 days the $VXN is up 6pts on a 2% rally in the NDX.

(red dot in the chart is today) pic.twitter.com/vewcIeyy30

— Pat Hennessy, CMT (@pat_hennessy) August 28, 2020

AAPL Skew pic.twitter.com/dbgcorJ8rT

— zerohedge (@zerohedge) September 1, 2020

Imagine buying a bond that yields less than inflation from an extremely leveraged company.

That’s the case today in the US.

Real yields for the average corporate bond are now at their lowest level in history. pic.twitter.com/NDnSloOXOY

— Otavio (Tavi) Costa (@TaviCosta) September 2, 2020