PutOptionValue

This graph shows 3-month options volatility skew for GLD (gold ETF). The blue line (right axis) = put skew: how much pricier OTM puts are vs at-the-money options. It just spiked sharply higher. Darker line (left axis) = call skew, recently lower. High put skew = traders aggressively buying downside protection/insurance. Even after gold’s big rally, the options market is pricing in more fear of a drop than upside momentum.

Someone didn’t choose peace today

Decent place to purchase.

Love charts like this. The time to buy put options is when everyone else isn’t.

WAIT???? You aren’t bullish on an insurer that trades at 14x book value and has a negative ROA of 10% AND wait for it….. Just announced they are going to lower rates??!!!