Reported 26 days ago
Traders closely monitor the put-call ratio as it can reveal underlying market dynamics. Danielle Shay of Simplr Trading highlights that the recent spike in the put-call ratio signifies short investors covering positions, which has helped propel the Nasdaq Composite above key technical levels. However, there is concern as the ratio begins to decline, suggesting potential challenges for long positions. Shay also discusses her strategies for trading popular stocks as the market heads into an expiration week.
Source: YAHOO