$QQQ Calls still being bought aggressively – no fear at all despite a 12% drop.
Related: Tech is now the most crowded trade of all time in BofA's Manager Survey.
Still a lot of complacency out there – so far it hasn't been wrung out, but history suggests risks remain high. pic.twitter.com/di3OxamfUR
— Macro Charts (@MacroCharts) September 15, 2020
https://twitter.com/ECantoni/status/1305770663962202113
Wall Street: "long US tech" is the most crowded trade of all time
Also Wall Street: we are putting all our money in tech pic.twitter.com/bNp9rrlTFY
— zerohedge (@zerohedge) September 15, 2020
More on the retail options frenzy …
Deltec Bank & Trust Ltd. shows, trading in options has in the last two months outstripped trading in underlying cash equities for the first time on record.
(1/3) pic.twitter.com/1YQgPxXLaM— Jim Bianco (@biancoresearch) September 15, 2020